Setting a minimum salary of $70,000 for employees has thrown Seattle’s Gravity Payments boss Dan Price and his company into an exhausting, sometimes nasty, whirlwind of attention.
There are times Dan Price feels as if he stumbled into the middle of the street with a flag and found himself at the head of a parade.
Three months ago, Price, 31, said he was setting a new minimum salary of $70,000 at his Seattle credit-card-processing firm, Gravity Payments, and slashing his own million-dollar pay package to do it. He wasn’t thinking about the political clamor over low wages or the growing gap between rich and poor, he said.