Wow, an article about a CEO who cares about how happy his lower-level employees are and how much money they make- certainly a rarity. Mr. Price's philanthropic actions should receive the adulation they deserve, but whether these actions can serve as a precedent for similar actions by other CEOs is yet to be seen. The bottom is line that America's CEOs love their money and will obviously not want to part with it, (as seen by the average 300:1 ratio for salaries of CEOs and their lower-level staff). I think that this is a great first step and that Mr. Price is setting an excellent example by reducing his own salary by over 75% to help his staff lead happier lives. Hopefully, some others will follow suit.
Won Park period 9 I actually read this article. I think it was on facebook. I think it is admirable that the Ceo would take a paycut and all his employees a raise until profits got high again. I do not think I would do the same. You are the CEO for a reason. I also can't beleive how employees who already made 70k were so happy for their coworkers. Hopefully their fortune turns around.
I really like Mr. Price's idea of raising the minimum wage of his employees. Raising their salaries will help the employees chase after the American Dream that many people struggle yet hope to see realized. It is so positive and encouraging to see a CEO of a company want to lower their wage in order to increase those of his employees. I hope that other CEO's follow suit and increase the wages of their employees as Mr. Price did. -Avital B.
Finding out that the CEO of a firm as large as Gravity Payments did something this huge for their employees is amazing. I tend to agree with Mr. Price that the market rate he and other CEO's have is "ridiculous." I hope the results of this major move works out so other companies may follow suit with Gravity Payments. As the article said, money doesn't buy happiness but a lack of money can surely deprive you of it.
This specific topic excites me for the future and what minimum wage will be like when i get older. The minimum wage has not been reasonable compared to the inflation, and for a CEO to take a pay cut that big means a lot. By taking a salary cut Dan Price is raising every employee's salary over time to a minimum of 70,000 a year. This is a huge statement in the finical world and i hope when i get a career my boss will increase my salary just as much
I think it is important to close the gap between the salaries of the CEOs and their employees. I agree that people with a higher ranking in a company should get paid higher than someone lower but not 300 times that amount. In order to compensate for a higher minimum wage, I agree that the smartest thing for Gravity to do was take money from Mr. Price’s salary. By doing so they raised the level of happiness in the workplace, thereby increasing productivity, and gained the respect of their workers. If other companies followed this plan of action, their company would be better in the long run. AB pd. 9
I feel like Dan Price's choice to raise salaries to 70k is a dangerous game. On one side, he is gaining publicity, gathering the attention of intellectual prospective workers, and raising morale, emotional upkeep, and producitivty, but is it worth it? Because the opportunity cost would be the million dollars or so that he cut from his company's profit. And his reasons of raising the prices were primarily for altruistic, emotional, humane, and sympathetic reasons, not for economic reasons. So I don't really see this becoming the new big thing like Ford's $5 work day. But for him, I guess its a small price to pay to make himself and his workers more happy.
It was almost shocking to hear that a CEO of a company would want to decrease his salary just to benefit the other workers. The fact that he is doing this is surprising, although it shows how considerate he is of the workers. This man truly wants to do something about the huge gap between the middle class and upper class. The inequality between the two classes is so obvious, yet not many people do anything about it. Even though that this is a risky move for the CEO of the company, it still shows how he is trying to make a change and help out other workers that would need the extra money. I believe that the government should regulate the amount of profit one person may receive, or at least help out the lower classes more.
I thought this was a very shocking article and I definitely believe that Dan Price is a very admirable man. People always talk about how they would help others more if they only had more time or more resources, but ultimately it ends up being just that, talk. To see that Mr. Price actually went out of his way to help improve the lives of his workers and even sacrifice his own high salary to do so is mind-blowing. Not to say that people or society are bad or to be overly cynical, but there are definitely flaws in it that can be changed for the better. Once reaching Mr. Price's level of success I think most people would tend to get comfortable and complacent. Human beings in general are resistant to change and try to avoid it if they can. Mr. Price didn't let himself get comfortable. He actually made himself more uncomfortable by cutting his own spending power in helping those of others'. This action also shows a lot about not only Mr. Price's character and morals, but also his own self-confidence in his company and its ability to do well and continue to thrive in the future. Perhaps more companies will follow his lead in the future or perhaps not. Either way, this was a big step for our society and culture in itself. It redefined what we consider valuable and for Mr. Price, that is the happiness of others around him. And as we all know and are constantly told: that is something you just can't put a price tag on..
Wow, this is really amazing. Mr. Price is doing something few other CEOs are willing to do. He's going to give up his very large salary in order to pay his workers a fair amount. It's really sad to hear that even trying to live on $40,000 a year is hard, let alone at the minimum wage level. It's really scary to think about, especially if you're going into fields where that kind of pay might be likely. I think it's important that we as a society try to decrease the income and wealth gap--not just talk about it but actually try to do it. I certainly don't fault CEOs for wanting to take that huge paycheck; who wouldn't want it? But at the same time, I wonder if they think about all the people who work below them and how they're getting by. It seems that Mr. Price is one of the few who has thought about it and who does want to create change. His employees are really lucky to be working under such a man, a man who is willing to give himself only $70,000 a year for as long as he has to in order to pay his workers that much. That's amazing. I hope that more and more employers and CEOs who can do something similar will begin to do so. Maybe it won't help much, but every single employee who would be impacted by it would feel that difference.
This topic is a very controversial topic. Increasing the minimum wage is something that the rich do not want to happen, and the rich are the people making the laws. The city of Seattle was having discussions about a 15 dollar minimum wage, that is more then double what the minimum was a year ago. This would result in a lot more money for the population in general to spend which is one way that we can work though the rescission we are having. If this topic came up in the height of the rescission it may have been more popular but then again most companies would have to fire most of their employees if they want to keep their budget causing even more inflation. -Thomas F
i think he has been a great role model for CEOs. 80 percents of wage of a CEO sounds a lot. i think their main incomes are from stocks. if a firm is going insanely well like apple, a ceo should try to raise salaries for everyone. he cannot make that much of profit by himself; that's everyone's effort so they deserve rewards. a few thousands can really improve life of a ordinary person. per 9 Yan
I think that Price took a bit of a risk when he decided to change the minimum wage at his company. Not that it's a bad thing - I hope that I would've done the same, but there's a possibility that his employees become lazy with the extra income. But there's also a likelihood that they become more productive and eager to work considering the benefit that Price gave everyone to make a positive difference in their life. I think we should wait and see the long run effects of this decision and then emulate it if it bring about positive results.
tristen cara pd 3 I think its great that he sacrificed his high wage so his employees' could live better lives. I hope one day I can have a boss as generous as he is. People like Prince set the standard for the future work force and I hope everyone will follow his lead and take the cuts needed
Mr. Price did something few CEOs would ever do -- give their huge piles of cash to the people who work for them. Capitalism by itself is needed to sustain a productive economy, but greed, such as the large market rate that CEOs seem to take advantage of, only takes away from a country's original goal (fairness). Raising the minimum wage, by itself, will only do more harm -- that will increase unemployment and create a surplus. Rather, the only solution is for rich people to, like what Mr. Price did, give away his own money to those in lower class.
Minimum wage has been a hotly debated topic of late, as the income disparity in America has expanded by exponential proportions, far surpassing that of the Gilded Age. The current minimum wage in America is far below the income required to live comfortably in most places in America. There have been talks of increasing the minimum wage to anywhere from $10-15 however, in this new Republican controlled Congress, there seems to be little hope for any law to be passed to mandate this change. Therefore, for the time being, it is up to the Capitalist employers of American business to take it upon themselves to even out this income distribution and provde fair compensation to their employees, enough to meet the standards of healthy living. It is great to see people like Dan Proce who take this repsonsibility and act on it, showing that they care about the welfare of their employees, rather than just see them as an economic output. Hopefully more employers look at Price as a model and follow his lead.
It is crazy how someone wants to give up his $1 million dollar salary to $70,000 to help raise the wages of the other employees. That takes a lot of guts. The stat that the CEO earns 300 times more than an average worker is also bizarre and makes me wonder how much do they earn? It is nice that this proposal is out there to change things but they are going to be effects on business when you raise the minimum wage. It all about the supply and demand graph on this and many workers may be laid off. But raising the minimum wage is the good thing to do for all.
It's nice to hear that a company is raising the minimum wage solely to better the employers. The pay gap, as the article states, is ridiculously huge and in my opinion it's unnecessary. After earning more than a certain amount of money, the numbers doesn't matter anymore. The American dream of starting from nothing and rising to the top has become nonexistent in today's society. Because of the pay gap, the rich becomes richer and the poor becomes poorer. Price's idea of reducing his pay to increase his employers' paycheck is a noble cause but it can backfire if he doesn't control it carefully. -AT Period 7
Mr. Price (what an ironic name given his business) is beyond altruistic! Giving himself less so his employees can have more goes far beyond the call to duty of a CEO. Additionally, his plan to fund the initiative is crazy like a fox. By doing this, Mr. Price allows his employees to benefit from corporate profit. Fundamentally, it makes sense: allow the company to fund itself. Instead of having that money sit in a bank vault, let go out and stimulate economic growth in the pockets' of consumers.
I think what Mr. Price has done is brave and altruistic, considering the fact that he is willing to pay for the wage increase by cutting his own salary from nearly $1 million to $70,000 and using the 75% of his company’s profit. It’s great that he is taking initiative unlike other chief executives, who are earning nearly 300 times what an average worker makes, that are doing nothing about it. Even the happiness research says that the emotional quality of an individual’s everyday experience rises with income up to $75,000 a year. That being said, I think every owner should follow Mr. Price’s steps and increase the income.
JJ period 7: Although he says this was not a publicity stunt, I don't think a CEO would voluntarily slash his own salary from $1,000,000 to $70,000 a year just for the benefit of others. I may be a cynic, but this just seems very unlikely. There are very generous people in this world, but to change one's own lifestyle so drastically solely for the benefit of others seems almost unreal. Although this is wonderful for the employees at Gravity, I don't think it is likely that many other CEOs would take such a large pay cut for the average worker. Hopefully Mr. Price's generosity sparked some kind of reason for other large companies to raise wages even just a bit. It's sad to think of how rare this kind of generosity is and how difficult it can be to make ends meet even with a stable job.
It definitely isn't common to find someone with such a high ranking as a CEO to care so much for his lower-positioned workers and how much they make. Mr. Price really see's more than just money from his job. He knows how hard it was to get where he has to be and for him to give up most of his $1 million dollar salary so that his other employee's can have higher wages is unbelieveable. Raising the minimum wage would help out so many people who are having trouble getting a start to their career. It may be do-able, but living and supporting a family on minimum wage doesn't seem so possible. And although it sounds nice to raise minimum wage it could lead to high unemployment rate because they won't be able to afford as many workers at a higher wage. Overall i believe Mr.Price has a great mind on the way employee's should be paid and treated
CL P 7: I think most people have negative connotations of CEO's, including myself, assuming that they are heartless and mean and only care about the amount of money they are making, and not the happiness and wellbeing of their employees. It was very nice hearing that Mr. Price was willing to lower his personal wage in order to increase the wages of those who work for him. It is more important for those who don't have sufficient funds to obtain money and circulate it in the economy for things that they really need, as opposed to letting it sit and waste for a rainy day by someone who doesn't really need it.
VC Period 7 I feel like that sincew the CEO donated a lot of his money and the companies money to raise his employees salaries. Is it worth the risk? By the employees making more money, they're going to spend more and expand the economy temporarily since Mr. Price is only doing this. Which is why i am wondering why he did it. The purpose why he did it was to stablize the companies employees' wages and eventually make everyone recieve an equal amount of the companies profit.
I get that Mr. Price is trying to help his employees, but raising the average by $22,000 in three years seems a little risky. He is expecting to fund this increase in wages, by decreasing his salary and to use the expected profits from this year. If he doesn't get the expected profits, it seems like doing this will be a lot harder. However, raising the wages of every employee to $70,000 is an incredible thing to do. CEOs in America don't usually act so selflessly. AA per 9
Athur Syed Mr.Price's decision to raise minimum wage was very risky, however was an amazing thing to read about from a CEO of a large company. It was great to read about his efforts to help his workers with the extra boost of money to their salaries. I hope to hear aboutother large companies following the footsteps of Mr. Price and give back to his company.
These are the stories that I need to hear because it restores my faith in humanity. Somebody giving away part of their earnings because they thought their lower level employees need it more than him. Mr. Price an ironic name of course is should definitely be and inspiration for all of the other CEOs that make billions while their lowest level employees make nothing.-Brian Haug
For Mr.Price to raise wages for his workers shows how he cares especially since the pay gap is so wide and people are barely making ends meet with a minimum wage salary. It was really risky to do this and hopefully wont backfire but he is a CEO and has control over a large company so he probaby did this after thoroughly thinking over this. RG per.7
CC period 7 I believe that Mr. Price's decision to cut his own salary and raise his employees wage is a noble cause, but it is not worth the effort. He is the CEO for a reason, he has to work a lot harder to maintain that position and maintain his company, as opposed to one of his employees. The wage increase seems nice, but 70k just isn't worth it.
I was actually sent this article from my dad. So I've read it before. I think Price is absolutely amazing for what he's done. It's such an outlandish concept in the modern day america that many would say that he's out of his mind. You usually see that a CEO is making tons and tons of money while the employees are being paid minimum wage and not at all paid what they're deserved to be paid. It's not a surprise that "The United States has one of the world’s largest pay gaps, with chief executives earning nearly 300 times what the average worker makes, according to some economists’ estimates." So the fact that Price did something like this is simply astounding and a bit reassuring. That maybe this will be a bit like a wildfire and soon catch onto other CEOs and they might do the same and make countless of people's lives a bit more easier. F.S. p. 7
Wow, an article about a CEO who cares about how happy his lower-level employees are and how much money they make- certainly a rarity. Mr. Price's philanthropic actions should receive the adulation they deserve, but whether these actions can serve as a precedent for similar actions by other CEOs is yet to be seen. The bottom is line that America's CEOs love their money and will obviously not want to part with it, (as seen by the average 300:1 ratio for salaries of CEOs and their lower-level staff). I think that this is a great first step and that Mr. Price is setting an excellent example by reducing his own salary by over 75% to help his staff lead happier lives. Hopefully, some others will follow suit.
ReplyDeleteWon Park period 9
ReplyDeleteI actually read this article. I think it was on facebook. I think it is admirable that the Ceo would take a paycut and all his employees a raise until profits got high again. I do not think I would do the same. You are the CEO for a reason. I also can't beleive how employees who already made 70k were so happy for their coworkers. Hopefully their fortune turns around.
I really like Mr. Price's idea of raising the minimum wage of his employees. Raising their salaries will help the employees chase after the American Dream that many people struggle yet hope to see realized. It is so positive and encouraging to see a CEO of a company want to lower their wage in order to increase those of his employees. I hope that other CEO's follow suit and increase the wages of their employees as Mr. Price did.
ReplyDelete-Avital B.
Finding out that the CEO of a firm as large as Gravity Payments did something this huge for their employees is amazing. I tend to agree with Mr. Price that the market rate he and other CEO's have is "ridiculous." I hope the results of this major move works out so other companies may follow suit with Gravity Payments. As the article said, money doesn't buy happiness but a lack of money can surely deprive you of it.
ReplyDeleteThis specific topic excites me for the future and what minimum wage will be like when i get older. The minimum wage has not been reasonable compared to the inflation, and for a CEO to take a pay cut that big means a lot. By taking a salary cut Dan Price is raising every employee's salary over time to a minimum of 70,000 a year. This is a huge statement in the finical world and i hope when i get a career my boss will increase my salary just as much
ReplyDeleteDp
I think it is important to close the gap between the salaries of the CEOs and their employees. I agree that people with a higher ranking in a company should get paid higher than someone lower but not 300 times that amount. In order to compensate for a higher minimum wage, I agree that the smartest thing for Gravity to do was take money from Mr. Price’s salary. By doing so they raised the level of happiness in the workplace, thereby increasing productivity, and gained the respect of their workers. If other companies followed this plan of action, their company would be better in the long run.
ReplyDeleteAB pd. 9
I feel like Dan Price's choice to raise salaries to 70k is a dangerous game. On one side, he is gaining publicity, gathering the attention of intellectual prospective workers, and raising morale, emotional upkeep, and producitivty, but is it worth it? Because the opportunity cost would be the million dollars or so that he cut from his company's profit. And his reasons of raising the prices were primarily for altruistic, emotional, humane, and sympathetic reasons, not for economic reasons. So I don't really see this becoming the new big thing like Ford's $5 work day. But for him, I guess its a small price to pay to make himself and his workers more happy.
ReplyDelete-Ben Jung period 9
Robert Lis Pd. 9
ReplyDeleteIt was almost shocking to hear that a CEO of a company would want to decrease his salary just to benefit the other workers. The fact that he is doing this is surprising, although it shows how considerate he is of the workers. This man truly wants to do something about the huge gap between the middle class and upper class. The inequality between the two classes is so obvious, yet not many people do anything about it. Even though that this is a risky move for the CEO of the company, it still shows how he is trying to make a change and help out other workers that would need the extra money. I believe that the government should regulate the amount of profit one person may receive, or at least help out the lower classes more.
I thought this was a very shocking article and I definitely believe that Dan Price is a very admirable man. People always talk about how they would help others more if they only had more time or more resources, but ultimately it ends up being just that, talk. To see that Mr. Price actually went out of his way to help improve the lives of his workers and even sacrifice his own high salary to do so is mind-blowing. Not to say that people or society are bad or to be overly cynical, but there are definitely flaws in it that can be changed for the better. Once reaching Mr. Price's level of success I think most people would tend to get comfortable and complacent. Human beings in general are resistant to change and try to avoid it if they can. Mr. Price didn't let himself get comfortable. He actually made himself more uncomfortable by cutting his own spending power in helping those of others'. This action also shows a lot about not only Mr. Price's character and morals, but also his own self-confidence in his company and its ability to do well and continue to thrive in the future. Perhaps more companies will follow his lead in the future or perhaps not. Either way, this was a big step for our society and culture in itself. It redefined what we consider valuable and for Mr. Price, that is the happiness of others around him. And as we all know and are constantly told: that is something you just can't put a price tag on..
ReplyDelete- VL Period 8
Wow, this is really amazing. Mr. Price is doing something few other CEOs are willing to do. He's going to give up his very large salary in order to pay his workers a fair amount. It's really sad to hear that even trying to live on $40,000 a year is hard, let alone at the minimum wage level. It's really scary to think about, especially if you're going into fields where that kind of pay might be likely. I think it's important that we as a society try to decrease the income and wealth gap--not just talk about it but actually try to do it. I certainly don't fault CEOs for wanting to take that huge paycheck; who wouldn't want it? But at the same time, I wonder if they think about all the people who work below them and how they're getting by. It seems that Mr. Price is one of the few who has thought about it and who does want to create change. His employees are really lucky to be working under such a man, a man who is willing to give himself only $70,000 a year for as long as he has to in order to pay his workers that much. That's amazing. I hope that more and more employers and CEOs who can do something similar will begin to do so. Maybe it won't help much, but every single employee who would be impacted by it would feel that difference.
ReplyDeleteThis topic is a very controversial topic. Increasing the minimum wage is something that the rich do not want to happen, and the rich are the people making the laws. The city of Seattle was having discussions about a 15 dollar minimum wage, that is more then double what the minimum was a year ago. This would result in a lot more money for the population in general to spend which is one way that we can work though the rescission we are having. If this topic came up in the height of the rescission it may have been more popular but then again most companies would have to fire most of their employees if they want to keep their budget causing even more inflation.
ReplyDelete-Thomas F
i think he has been a great role model for CEOs. 80 percents of wage of a CEO sounds a lot. i think their main incomes are from stocks. if a firm is going insanely well like apple, a ceo should try to raise salaries for everyone. he cannot make that much of profit by himself; that's everyone's effort so they deserve rewards. a few thousands can really improve life of a ordinary person.
ReplyDeleteper 9 Yan
AHirani Prd 9
ReplyDeleteI think that Price took a bit of a risk when he decided to change the minimum wage at his company. Not that it's a bad thing - I hope that I would've done the same, but there's a possibility that his employees become lazy with the extra income. But there's also a likelihood that they become more productive and eager to work considering the benefit that Price gave everyone to make a positive difference in their life. I think we should wait and see the long run effects of this decision and then emulate it if it bring about positive results.
tristen cara pd 3
ReplyDeleteI think its great that he sacrificed his high wage so his employees' could live better lives. I hope one day I can have a boss as generous as he is. People like Prince set the standard for the future work force and I hope everyone will follow his lead and take the cuts needed
Mr. Price did something few CEOs would ever do -- give their huge piles of cash to the people who work for them. Capitalism by itself is needed to sustain a productive economy, but greed, such as the large market rate that CEOs seem to take advantage of, only takes away from a country's original goal (fairness). Raising the minimum wage, by itself, will only do more harm -- that will increase unemployment and create a surplus. Rather, the only solution is for rich people to, like what Mr. Price did, give away his own money to those in lower class.
ReplyDeleteJim T Period 8
Minimum wage has been a hotly debated topic of late, as the income disparity in America has expanded by exponential proportions, far surpassing that of the Gilded Age. The current minimum wage in America is far below the income required to live comfortably in most places in America. There have been talks of increasing the minimum wage to anywhere from $10-15 however, in this new Republican controlled Congress, there seems to be little hope for any law to be passed to mandate this change. Therefore, for the time being, it is up to the Capitalist employers of American business to take it upon themselves to even out this income distribution and provde fair compensation to their employees, enough to meet the standards of healthy living. It is great to see people like Dan Proce who take this repsonsibility and act on it, showing that they care about the welfare of their employees, rather than just see them as an economic output. Hopefully more employers look at Price as a model and follow his lead.
ReplyDeleteIt is crazy how someone wants to give up his $1 million dollar salary to $70,000 to help raise the wages of the other employees. That takes a lot of guts. The stat that the CEO earns 300 times more than an average worker is also bizarre and makes me wonder how much do they earn? It is nice that this proposal is out there to change things but they are going to be effects on business when you raise the minimum wage. It all about the supply and demand graph on this and many workers may be laid off. But raising the minimum wage is the good thing to do for all.
ReplyDelete- Noved Period 9
It's nice to hear that a company is raising the minimum wage solely to better the employers. The pay gap, as the article states, is ridiculously huge and in my opinion it's unnecessary. After earning more than a certain amount of money, the numbers doesn't matter anymore. The American dream of starting from nothing and rising to the top has become nonexistent in today's society. Because of the pay gap, the rich becomes richer and the poor becomes poorer. Price's idea of reducing his pay to increase his employers' paycheck is a noble cause but it can backfire if he doesn't control it carefully.
ReplyDelete-AT Period 7
Mr. Price (what an ironic name given his business) is beyond altruistic! Giving himself less so his employees can have more goes far beyond the call to duty of a CEO. Additionally, his plan to fund the initiative is crazy like a fox. By doing this, Mr. Price allows his employees to benefit from corporate profit. Fundamentally, it makes sense: allow the company to fund itself. Instead of having that money sit in a bank vault, let go out and stimulate economic growth in the pockets' of consumers.
ReplyDeleteR.L.
ReplyDeletePeriod 8
I think what Mr. Price has done is brave and altruistic, considering the fact that he is willing to pay for the wage increase by cutting his own salary from nearly $1 million to $70,000 and using the 75% of his company’s profit. It’s great that he is taking initiative unlike other chief executives, who are earning nearly 300 times what an average worker makes, that are doing nothing about it. Even the happiness research says that the emotional quality of an individual’s everyday experience rises with income up to $75,000 a year. That being said, I think every owner should follow Mr. Price’s steps and increase the income.
JJ period 7: Although he says this was not a publicity stunt, I don't think a CEO would voluntarily slash his own salary from $1,000,000 to $70,000 a year just for the benefit of others. I may be a cynic, but this just seems very unlikely. There are very generous people in this world, but to change one's own lifestyle so drastically solely for the benefit of others seems almost unreal. Although this is wonderful for the employees at Gravity, I don't think it is likely that many other CEOs would take such a large pay cut for the average worker. Hopefully Mr. Price's generosity sparked some kind of reason for other large companies to raise wages even just a bit. It's sad to think of how rare this kind of generosity is and how difficult it can be to make ends meet even with a stable job.
ReplyDeleteIt definitely isn't common to find someone with such a high ranking as a CEO to care so much for his lower-positioned workers and how much they make. Mr. Price really see's more than just money from his job. He knows how hard it was to get where he has to be and for him to give up most of his $1 million dollar salary so that his other employee's can have higher wages is unbelieveable. Raising the minimum wage would help out so many people who are having trouble getting a start to their career. It may be do-able, but living and supporting a family on minimum wage doesn't seem so possible. And although it sounds nice to raise minimum wage it could lead to high unemployment rate because they won't be able to afford as many workers at a higher wage. Overall i believe Mr.Price has a great mind on the way employee's should be paid and treated
ReplyDeleteer pd7
CL P 7: I think most people have negative connotations of CEO's, including myself, assuming that they are heartless and mean and only care about the amount of money they are making, and not the happiness and wellbeing of their employees. It was very nice hearing that Mr. Price was willing to lower his personal wage in order to increase the wages of those who work for him. It is more important for those who don't have sufficient funds to obtain money and circulate it in the economy for things that they really need, as opposed to letting it sit and waste for a rainy day by someone who doesn't really need it.
ReplyDeleteVC Period 7
ReplyDeleteI feel like that sincew the CEO donated a lot of his money and the companies money to raise his employees salaries. Is it worth the risk? By the employees making more money, they're going to spend more and expand the economy temporarily since Mr. Price is only doing this. Which is why i am wondering why he did it. The purpose why he did it was to stablize the companies employees' wages and eventually make everyone recieve an equal amount of the companies profit.
I get that Mr. Price is trying to help his employees, but raising the average by $22,000 in three years seems a little risky. He is expecting to fund this increase in wages, by decreasing his salary and to use the expected profits from this year. If he doesn't get the expected profits, it seems like doing this will be a lot harder. However, raising the wages of every employee to $70,000 is an incredible thing to do. CEOs in America don't usually act so selflessly. AA per 9
ReplyDeleteAthur Syed
ReplyDeleteMr.Price's decision to raise minimum wage was very risky, however was an amazing thing to read about from a CEO of a large company. It was great to read about his efforts to help his workers with the extra boost of money to their salaries. I hope to hear aboutother large companies following the footsteps of Mr. Price and give back to his company.
These are the stories that I need to hear because it restores my faith in humanity. Somebody giving away part of their earnings because they thought their lower level employees need it more than him. Mr. Price an ironic name of course is should definitely be and inspiration for all of the other CEOs that make billions while their lowest level employees make nothing.-Brian Haug
ReplyDeleteFor Mr.Price to raise wages for his workers shows how he cares especially since the pay gap is so wide and people are barely making ends meet with a minimum wage salary. It was really risky to do this and hopefully wont backfire but he is a CEO and has control over a large company so he probaby did this after thoroughly thinking over this.
ReplyDeleteRG per.7
CC period 7
ReplyDeleteI believe that Mr. Price's decision to cut his own salary and raise his employees wage is a noble cause, but it is not worth the effort. He is the CEO for a reason, he has to work a lot harder to maintain that position and maintain his company, as opposed to one of his employees. The wage increase seems nice, but 70k just isn't worth it.
I was actually sent this article from my dad. So I've read it before.
ReplyDeleteI think Price is absolutely amazing for what he's done. It's such an outlandish concept in the modern day america that many would say that he's out of his mind. You usually see that a CEO is making tons and tons of money while the employees are being paid minimum wage and not at all paid what they're deserved to be paid. It's not a surprise that "The United States has one of the world’s largest pay gaps, with chief executives earning nearly 300 times what the average worker makes, according to some economists’ estimates." So the fact that Price did something like this is simply astounding and a bit reassuring. That maybe this will be a bit like a wildfire and soon catch onto other CEOs and they might do the same and make countless of people's lives a bit more easier.
F.S. p. 7