Frixxxx
Moderator
I enjoyed this little tidbit myself. Then the pessimist sneaked in my head and I started asking these questions:I liked this article:
One Company’s New Minimum Wage: $70,000 a Year
http://www.nytimes.com/2015/04/14/b...ing-a-new-minimum-wage-70000-a-year.html?_r=0
tid-bit of info I found interesting was:
"The happiness research behind Mr. Price’s announcement on Monday came from Angus Deaton and Daniel Kahneman, a Nobel Prize-winning psychologist. They found that what they called emotional well-being — defined as “the emotional quality of an individual’s everyday experience, the frequency and intensity of experiences of joy, stress, sadness, anger, and affection that make one’s life pleasant or unpleasant” — rises with income, but only to a point. And that point turns out to be about $75,000 a year."
1. How can an employee leave a job they don't like (even at that scale) and find pay equal to that at other companies NOT doing this?
2. Do they have matching 401K implications for the company.
3. Now the experiment starts, the guy answering the phone, do they have the same work ethic as the CEO?
4. If another company wanted to buy this company, would the salaries be honored?