Why you don't set the minimum wage to $70K

[SteelCrysis]

Do you employ anyone GStan?

If so, how do your attorneys and accountants like making the same money as your mail room people and janitors? Are they "good team players" and saying, "Seems fair to me I had to spend years of my life and $100,000 on my college degree and Bubba makes the same money as I do. Bubba needs money too, and we're all on the same team!"

LOL only a crackhead would think Dan Price's company makes any sense.

There's nothing wrong with paying above market rate to keep turnover low and have your pick of the best employees. That sort of thing is done all the time.

Where Dan fails is thinking the people who were making $70K because they have job skills that are worth $70K are going to just take it when he doubles the pay of the entry level staff and leaves theirs the same, saying "You're all employees, you should all make the same!"

As noted, no one is following his lead.

GStan is absolutely right.  To paraphrase Hubert H. Humphrey: "the time has come for the business world to get out of the shadow of job position rights and walk forthrightly into the bright sunshine of human rights!"