It sounds like he may have learned something about the law of unintended consequences. Mebbe not.
The Seattle CEO who reaped a publicity bonanza when he boosted the salaries of his employees to a minimum of $70,000 a year says he has fallen on hard times. Photo: FOX NEWS
I’m working as hard as I ever worked to make it work,” he told the New York Times.
“I’m renting out my house right now to try and make ends meet myself.”
Mr Price lost two of his “most valued” employees when they became angry that lower-skilled workers were being paid a similar salary. Some customers left the company because they thought that raising the minimum wage was a political move that could also end up costing them more.
“There’s no perfect way to do this and no way to handle complex workplace issues that doesn’t have any downsides or trade-offs,” Mr Price said.”
Read the rest at the UK Telegraph
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