Wednesday, April 15, 2015


As I've long said, we don't need more redistribution, we just need better distribution in the first place.
$70,000 per year minimum wage
The idea began percolating, said Dan Price, the founder of Gravity Payments, after he read an article on happiness. It showed that, for people who earn less than about $70,000, extra money makes a big difference in their lives.
His idea bubbled into reality on Monday afternoon, when Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000.
Price clearly has a business model others would do well to emulate.

Update 6/172015:  More on predistribution here.

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