Six years ago, Gravity Payments CEO Dan Price discovered one of his employees was working a second job to make ends meet. His response? He gave her, and ultimately everyone in the company a raise to $70,000 per year. He paid for it by dropping his own $1.1 million salary to $70,000.

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Karma has its rewards when you start a positive trend.

Six years ago, Gravity Payments CEO Dan Price, 37, discovered one of his employees was working a second job to make ends meet. His response? He gave her, and ultimately everyone in the company a raise to $70,000 per year. He paid for it by dropping his own $1.1 million salary to $70,000. He tweeted "Money buys happiness when you climb out of poverty. But going from well-off to very well-off doesn't make you happier. Doing what you believe is right, will. "

When he was interviewed on FOX News, he was laughed at and ridiculed. They said his business would fail, and accused him of being a socialist. However, the FOX employees who ushered him in to the shows emceed by hosts making seven figures, told him they could hardly make ends meet on their minimum wage salaries.

Six years later after the decision that others said would destroy his business, Dan reports that revenue has tripled, the customer base has doubled, 70% of his employees have paid down debt, many bought homes for the first time, 401(k) contributions grew by 155% and turnover dropped in half. His business is now a Harvard Business School case study.

At the start of the pandemic, Dan says they lost 55% of their revenue overnight. His loyal employees volunteered to take temporary pay cuts in order to prevent layoffs. They all weathered the storm. He paid everyone back and is now giving out raises.

His employees were so grateful they bought him a Tesla. And then he gave out more raises.

Dan Price made a choice to spiral up the happiness and abundance spiral, rather than down the fear and poverty spiral. It's all the same spiral, it just depends on which direction you go in.

Bernie Sanders said: "I think what Dan has done is not only extraordinary for his own employees, I hope it sets an example for companies all over this country."

RT @DanPriceSeattle: 6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on b… at

— Jean (@GiftedGal11) August 17, 2021

Authors Website: http://www.OceanViewArts.com

Authors Bio:

Meryl Ann Butler is an artist, author, educator and OpedNews Managing Editor who has been actively engaged in utilizing the arts as stepping-stones toward joy-filled wellbeing since she was a hippie. She began writing for OpEdNews in Feb, 2004. She became a Senior Editor in August 2012 and Managing Editor in January, 2013. In June, 2015, the combined views on her articles, diaries and quick link contributions topped one million. She was particularly happy that her article about Bree Newsome removing the Confederate flag was the one that put her past the million mark.

Her art in a wide variety of media can be seen on her YouTube video, "Visionary Artist Meryl Ann Butler on Creativity and Joy" at http://www.youtube.com/watch?v=UcGs2r_66QE

A NYC native, her response to 9-11 was to pen an invitation to healing through creativity, entitled, "90-Minute Quilts: 15+ Projects You Can Stitch in an Afternoon" (Krause 2006), which is a bestseller in the craft field. The sequel, MORE 90-Minute Quilts: 20+ Quick and Easy Projects With Triangles and Squares was released in April, 2011. Her popular video, How to Stitch a Quilt in 90 Minutes with Meryl Ann Butler can be seen at http://www.youtube.com/watch?v=PrShGOQaJQ8

She has been active in a number of international, arts-related projects as a citizen diplomat, and was arts advisor to Baltimore's CIUSSR (Center for Improving US-Soviet Relations), 1987-89. She made two trips to the former USSR in 1987 and 1988 to speak to artists, craftpeople and fashion designers on the topic of utilizing the arts as a tool for global wellbeing. She created the historical "First US-Soviet Children's Peace Quilt Exchange Project" in 1987-88, which was the first time a reciprocal quilt was given to the US from the former USSR.

Her artwork is in collections across the globe.

Meryl Ann is a founding member of The Labyrinth Society and has been building labyrinths since 1992. She publishes an annual article about the topic on OpEdNews on World Labyrinth Day, the first Saturday in May.

OpEdNews Senior Editor Joan Brunwasser interviewed Meryl Ann in "Beyond Surviving: How to Thrive in Challenging Times" at https://www.opednews.com/articles/Beyond-Surviving--How-to-by-Joan-Brunwasser-Anxiety_Appreciation_Coronavirus_Creativity-200318-988.html

Find out more about Meryl Ann's artistic life in "OEN Managing Ed, Meryl Ann Butler, Featured on the Other Side of the Byline" at https://www.opednews.com/Quicklink/OEN-Managing-Ed-Meryl-Ann-in-Life_Arts-Artistic_Artists_Quilt-170917-615.html

On Feb 11, 2017, Senior Editor Joan Brunwasser interviewed Meryl Ann in Pink Power: Sister March, Norfolk, VA at http://www.opednews.com/articles/Pink-Power-Sister-March--by-Joan-Brunwasser-Pussy-Hats-170212-681.html

"Creativity and Healing: The Work of Meryl Ann Butler" by Burl Hall is at
http://www.opednews.com/articles/Creativity-and-Healing--T-by-Burl-Hall-130414-18.html

Burl and Merry Hall interviewed Meryl Ann on their BlogTalk radio show, "Envision This," at http://www.blogtalkradio.com/envision-this/2013/04/11/meryl-ann-butler-art-as-a-medicine-for-the-soul

Archived articles www.opednews.com/author/author1820.html
Older archived articles, from before May 2005 are here.