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The NYTimes article clearly states that this was motivated by concerns about inequality rather than shifting what kind of people are hiring. If you have a sourc
by a_c_s 12y ago
The NYTimes article clearly states that this was motivated by concerns about inequality rather than shifting what kind of people are hiring. If you have a source that contradicts this, it would be great to see it.
"His idea bubbled into reality on Monday afternoon, when Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000."
"“They were walking me through the math of making 40 grand a year,” he said, then describing a surprise rent increase or nagging credit card debt.
“I hear that every single week,” he added. “That just eats at me inside.”
Mr. Price said he wanted to do something to address the issue of inequality, although his proposal “made me really nervous” because he wanted to do it without raising prices for his customers or cutting back on service."
Source: http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-setting-a-new-minimum-wage-70000-a-year.html?_r=0 http://www.nytimes.com/2015/04/14/business/owner-of-gravity-...
- cookiecaper 12y agoSometimes we don't reveal our true motives to The New York Times.
- a_c_s 12y agoSure, but without a source this is just baseless cynicism. HN is supposed to be a place for intelligent discussion: giving unsourced cynicism equal weight as evidence is creating an echo chamber for pseudo-intellectuals to parrot their beliefs.
- threatofrain 12y agoOr is this baseless trust of a CEO in an interview with the New York Times? Surely what you propose is not a trust model for a robust organism. Also, because somebody doubted the honesty of a CEO, you decide to talk about how they are a pseudo-intellectual in an echo chamber who parrots their baseless cynicism?
- a_c_s 12y agoThe burden of proof is on the cynic, not the person who is citing sources.
- brianfitz 12y agoAssume I hire you as a manager in my organization and give you a hiring budget of $200k. You could decide that you want to hire 5 new college grads at $40k per year or 2 senior candidates at $100k each. Now assume that I tell you the minimum salary for any of your hires is $100k. My question to you: What would be your incentive to hire two college grads you'll need to invest in training versus candidates with years of experience and skills?