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Meet The CEO Who Raised The Minimum Salary For All Staff To $70K — Including Himself

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In Brief

  • The Facts:

    CEO cuts his own pay to afford to raise that of his entire staff to a minimum of $70K. The benefits he has seen in the well-being of his staff and success of his company have assured him that even 5 years later, this is still a smart decision.

  • Reflect On:

    Should more CEOs be adopting these types of practices to support their staff? Should employees have to struggle and barely scrape by while business owners sit pretty with much more than they really need to be happy?

Before you begin...

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5 years ago the CEO of a cards payment company, Gravity Payments, implemented a $70,000 minimum salary for his entire staff of 120, including himself. In order for this to be possible, he had to take an annual pay cut of over $1.1 million. 5 years later, CEO Dan Price claims that this risk has more than paid off for himself, his employees and his company as a whole.

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In 2015, Price had an epiphany moment when talking with a friend who was struggling to pay her rent after a landlord had increased it by $200 per month. He realized how this was affecting his friend and made the connection to how many other people must be struggling as well. It was this insight that drove him to his decision to be part of the solution rather than part of the problem.

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The Wealth Gap

According to BBC, “Before 1995 the poorest half of the population of the United States earned a greater share of national wealth than the richest 1%, he points out. But that year the tables turned – the top 1% earned more than the bottom 50%. And the gap is continuing to widen.”

“In 1965, CEOs in the US earned 20 times more than the average worker, but by 2015 it had risen to 300 times.”

The wealth gap is one of the biggest, fattest elephants in the room–everyone knows that this is occurring, but nobody knows what to do about it. As a society, we’ve simply accepted this huge gap and often believe that some of us are just luckier than others. It’s unfortunate that, with the way the system is designed, the rich just keep getting richer while the lower and middle classes are suffering more and more.

It seems that Dan Price understands this issue all too well, saying, “People are starving or being laid off or being taken advantage of, so that somebody can have a penthouse at the top of a tower in New York with gold chairs.”

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“We’re glorifying greed all the time as a society, in our culture. And, you know, the Forbes list is the worst example – ‘Bill Gates has passed Jeff Bezos as the richest man.’ Who cares!?”

Glorifying Greed

Price’s words ring very true, western societies glorify wealth; everywhere we turn the wealthiest people are praised and adored by the media, so much so that we are conditioned to feel inadequate with what we have. That’s not to say that in our current system we don’t need money to survive and get by, but there are a lot of other ways to define success than just money and material goods.

It can be difficult to let go of this desire to earn more, especially when we are in a constant state of survival mode just trying to get by. What we don’t often realize is that so long as we have a roof over our heads, food to eat and water to drink, we can survive. Anything else that we want may not be that important anyways, but the media sure does a good job of making us constantly feel like we need more and more stuff in order to be happy. The power of having gratitude for what we do have rather than yearning for what we don’t is very strong. It’s all about perspective. However, with that being said, we should all have access to a safe environment and a good quality of life.

By raising the minimum wage, the employees feel more supported and secure and less stressed out thinking about how they are going to pay the bills or simply make ends meet.

According to Price, the benefits to the lives of his employees have been invaluable. Prior to 2015, many were struggling to simply get by, and now many are buying homes and starting families.

Not Without Criticism

Price admits that he still has an ego and is sometimes tempted to change the setup in order to have the glorified life of a California CEO.

According to the BBC, Price says a colleague at a competitor recently suggested to him that if Gravity adopted a more traditional business model, Price could become a billionaire and do a lot of good with that money.

“He’s telling me that the world needs another billionaire philanthropist, and I just don’t know if that’s the case. Because we’ve been relying on billionaire philanthropists for so long, and I don’t really think that’s working out very well for us,” he said.

“I think we need to have, you know, kind of more of a justice and integrity engineered and designed into our system. I think we need to have companies where, you know, people are taken care of and given opportunities. And so that’s more intriguing to me than trying to become a billionaire, competing with [Facebook CEO] Mark Zuckerberg or [Amazon CEO] Jeff Bezos on the Forbes list.”

This is exactly the type of mentality one can only hope business leaders adopt while we are still in this current system, using money in the way that we do now.

What do you think?

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Attention Readers: We’ve Moved Our Journalism To The Pulse

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CE Staff Writer 1 minute read

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A large portion of our journalism that you’re used to seeing on our Collective Evolution platform has now moved over to The Pulse. We will be publishing most of our news articles there, while Collective Evolution focuses more on personal development.

You can follow The Pulse on Telegram, Facebook, Instagram and Twitter.  

We’ve done this for a number of reasons, mainly due to the struggles we’ve had with regards to extreme censorship at Collective Evolution. We hope you join us over at The Pulse in our quest to keep doing what we do!

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Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

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Abductions & Car Vandalism – Startling Australian UFO Report Unclassified

Gautam Peddada

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

An uncovered Australian report performed by their Department of Defence. “Scientific Intelligence — General — Unidentified Flying Objects” is trending again. Those who have done extensive research on UFOs will find the Australian version of disclosure to be far more intellectually honest than the American version. Albeit it was conducted decades ago.

According to ex-US intelligence official Luis Elizondo, the Defense Department’s Inspector General is presently conducting three reviews. The inquiries vary from the Department of Defense’s handling of UFO claims to Elizondo’s alleged whistleblower retribution. The open IG cases are crucial to Australia’s report because they establish beyond a shadow of a doubt that the US Department of Defense is being dishonest and shady when it comes to the UFO subject. For decades, Australia has been a loyal friend of the United States. Within Australia’s boundaries, they share a military installation (Pine Gap). When a close defense ally’s intelligence agencies determined that the US was not being intellectually honest in its approach, perhaps it is reasonable to conclude that there is more to the tale than the 144 incidents studied since 2004 by the UAPTF.

The CIA became alarmed at the overloading of military communications during the mass sightings of 1952 and considered the possibility that the USSR may take advantage of such a situation.

Australian UFO study.

According to the summary, OSI, acting through the Robertson-Panel, encouraged the USAF to use Project Blue Book to publicly “debunk” UFOs. In a tragic twist of fate, when Australian authorities sought explanations from the US Air Force, the allegation was debunked. The authors of the study were depicted as conspiratorial and even crazy by the US Air Force. Ross Coulthart reported this, and it may be heard in a recent Project Unity interview. Courthart is an award-winning investigative journalist who is drawn to forbidden subjects. He also stated on the same podcast that a senior US Navy official identified as Nat Kobitz told him that the US had been in the midst of reverse-engineering numerous non-human craft. According to his obituary, Mr. Kobitz was a former Director of Research and Development at Naval Sea Systems Command.

Continue reading the entire article at The Pulse. 

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Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

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PGA Tour To End COVID Testing For Both Vaccinated & Non-Vaccinated Players

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CE Staff Writer 4 minute read

In Brief

  • The Facts:

    The PGA Tour has announced that it will stop testing players every week, regardless of whether they have been vaccinated or not.

  • Reflect On:

    Are PCR tests appropriate to identify infectious people? Should people who are healthy and not sick be tested at all, anywhere?

Before you begin...

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

The picture you see above is of John Rahm, a professional golfer on the PGA tour being carted off the golf course after tournament officials told him he had COVID. He was healthy and had no symptoms, yet was forced to withdraw from the tournament. He was told in front of the camera’s, and a big scene was made out of the event. You would think something like that, especially when you are a big time sports figure, would be done behind closed doors with some privacy.

Earlier on in June a spokesperson for the PGA Tour said that more than 50 percent of players on the PGA tour have been vaccinated. Although it seems that the majority of players on the tour will be fully vaccinated judging by this statement, it does leave a fairly large minority who won’t be, and that’s something we’re seeing across the globe as COVID vaccine hesitancy remains high for multiple reasons.

We are pleased to announce, after consultation with PGA Tour medical advisors, that due to the high rate of vaccination among all constituents on the PGA Tour, as well as other positively trending factors across the country, testing for COVID-19 will no longer be required as a condition of competition beginning with the 3M Open. – PGA tour Senior VP Tyler Dennis

The tour recently announced that the testing of players every week will stop starting in July for both the vaccinated and the unvaccinated. This was an unexpected announcement given the fact that, at least it seems in some countries, vaccinated individuals will enjoy previous rights and freedoms that everyone did before the pandemic. Travelling without need to quarantine and possibly in the future not having to be tested could be a few of those privileges. Others may include attending concerts, sporting events, or perhaps even keeping their job depending on whether or not their employer deems it to be mandatory, if that’s even legally possible. We will see what happens.

Luckily for professional golfers, regardless of their vaccination status they won’t have to worry about testing positive for COVID, especially if they’re not sick. This is the appropriate move by the PGA tour, who is represented by their players and it’s a move that the players themselves may have had a say in. It’s important because PCR tests are not designed nor are they appropriate for identifying infectious people. A number of scientists have been emphasizing this since the beginning of the pandemic. More recently, a letter to the editor published in the Journal of infection explain why more than half of al “positive” PCR tests are likely to have been people who are not infectious, otherwise known as “false positives.”

This is why the Swedish Public Health agency has a notice on their website explaining how and why polymerase chain reaction (PCR) tests are not useful for determining if someone is infected with COVID or if someone can transmit it to others, and it’s better to use someone who is actually showing symptoms as a judgement call of whether or not they could be infected or free from infection.

PCR tests using a high cycle threshold are extremely sensitive. An article published in the journal Clinical Infectious Diseases found that among positive PCR samples with a cycle count over 35, only 3 percent of the samples showed viral replication. This can be interpreted as, if someone tests positive via PCR when a Ct of 35 or higher is used, the probability that said person is actually infected is less than 3%, and the probability that said result is a false positive is 97 percent. This begs the question, why has Manitoba, Canada, for example, using cycle thresholds of up to 45 to identify “positive” people?

When it comes to golf, the fact that spread occurring in an outdoor setting is highly unlikely could have been a factor, but it’s also important to mention that asymptomatic spread within one’s own household is also considerably rare. It really makes you wonder what’s going on here, doesn’t it?

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

Click here to check out a sneak peek and learn more.

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