Name:   MartiniMan - Subject:   $70K minimum wage Date:   4/17/2015 1:17:43 PM

That is my understanding as well.  To me though, if some receptionist makes $70K and I have a lot of other responsibilities and stress and only make $80K because that is the market value of my position I am going to expect to be paid more.  I am doing more, I am contributing more, I am way more valuable to the company than the receptionist and so on.  So even though most people in my position only make $80K (which is double what they pay their receptionsist) then I should get double what they pay the receptionsist, right?  So now instead of having to just pay the low end people $70K they will also have the others asking for more money because they contribute way more to the success of the company than a lowly receptionsist.  

Again, this may all work out fine for him but given my 25 years owning a business I am skeptical.  If you watch closely he will soon enough be trying to put that genie back in the bottle.  Could spell his doom.