One Company’s New Minimum Wage: $70,000 a Year –


Thanks for the summary.

In coming days, others will join me in relating how destructive to Gravity Payments culture this move will be in the course of time.

Market forces are inexorable. Understanding future impacts begins from thinking about how flattening pay scales entrap workers … In this case organizational stratification and stagnation are inevitable.

I will post on this again at my blog tomorrow ( – wherein I will relate a first person account of encountering this very issue with a well known / leading private company in 1999. Collins and Poras writing in ‘Built to Last’ established some of the particulars Gravity Payments ignores.

Employee churn is essential to creativity. Businesses are truly living organisms.

One comment

  1. […] counterpoint / contrast to the story of the poor fellow who raised the minimum salary at his company to $70K (and who is shortly thereafter going broke.) I say “refreshing” facetiously. But yes, […]

Leave a Reply to Corporate Darwinism — Amazon’s bloodthirsty culture makes the news. (Again.) | Web Presence Consulting Cancel reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: