Seattle, Wash. — (KING) The CEO of a Seattle company is reportedly boosting the minimum wage for every one of his employees to $70,000 per year and taking an enormous pay cut to make it happen.
The New York Times reports that Dan Price, founder of Gravity Payments, came to the conclusion after reading an article on happiness that showed money makes a big difference in the lives of people who make under $70,000.
How is he going to do it Price is taking a pay cut from $1 million to $70,000.
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