Minimum wage raised to $70K at Seattle company

Seattle company raises its minimum wage to $70k annually

Gravity Payments a Seattle based credit card processing company is raising the pay of all employees to a minimum $70 000, some of whom currently make barely half that. In total 70 will get a raise and the financing for the raises is coming from company founder and CEO Dan Price, who will lower his $1 million dollar yearly salary to $70 000.

“If the Quebec government is using the competitive salary justification, then it should apply to all health care workers and not just the chosen few.”

This is in contrast to what the Quebec government is doing in the health care sector, here by decree they raised the salaries for health-sector executives for up to 20 per cent. Director General and CEO of the MUHC, Normand Rinfret received a 10 per cent increase bringing his salary to $289,920 from $263,564.
Read more at Manuel’s Blog, Minimum wage raised to $70K annually at Seattle company