In 2015, Gravity Payments CEO Dan Price announced he would raise the company's minimum wage to $70,000 a year by 2017 and slash his own compensation by more than 90 percent. More than a year later, Price reports the company's revenue and clientele has grown substantially, despite critics' predictions that the move would be bad for business. NewsHour Weekend Special Correspondent John Larson reports.
In 2015, Gravity Payments CEO Dan Price announced he would raise the company's minimum wage to $70,000 a year by 2017 and slash his own compensation by more than 90 percent. More than a year later, Price reports the company's revenue and clientele has grown substantially, despite critics' predictions that the move would be bad for business. NewsHour Weekend Special Correspondent John Larson reports.
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