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Episode
61

The Boss Who Paid Everyone $70,000

First published on
June 9, 2020
Business
-
14
minutes
USA
Business
Income inequality
Pandemic

In 2015, the boss of an American company decided to pay every employee a minimum wage of $70,000, and cut his salary from $1.1M to $70,000.

Some people said he was mad, and it would never work. Others thought it was a fantastic decision.

In today's episode we tell the story of this company, and find out how it is doing 5 years later.

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