Company Near Seattle Introduces $70K Minimum Wage

[Lemon Drop]

rgG wrote:
[quote=Lemon Drop]
This isn't charity, it's a smart business move. These employees will be more loyal and work harder than before, which will reap dividends for the company. I think this guy is very savvy about the future, and about the labor market he's in. We'll see how he's doing in 5 years.

“This is a capitalist solution to a social problem,” Price said. “I think it pays for itself, I really do.”

I disagree.
I understand your point of view. There's always the risk that this won't work out for his company. And I agree with you that this isn't likely to catch on as a super popular idea with business owners.