This CEO raised his company’s minimum wage to $70,000 a year — and his two best employees quit

CEO Gravity Payments Dan Price made a radical move to raise the company-wide minimum wage to $US70,000 over the next three years. The decision sparked a media frenzy, with much praise directed Price’s way.

However, The New York Times has just reported that two of Gravity’s “most valued” employees have quit as a result of the pay raise. Here’s why.

Produced by Emma Fierberg. Original reporting by Rachel Sugar.

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