Name:   MartiniMan - Subject:   $70K minimum wage Date:   4/17/2015 11:49:04 AM

Will be an interesting experiment by a small company out of Seattle. Their CEO has announced that the lowest paid employees in the company will make $70K per year.  Apparently he read some article that indicated that was the income where people were happiest or some such stuff.  He is going to take a pay cut and devote 80% of the company's profits to the wage increases. 

More power to him if he wants to go this way and it is pretty obvious he has no other shareholders because if he did they might be a tad upset.  I suspect it will cause all sorts of dissension when the receptionist makes as much as other employees that have more stress, duties, responsibilities, etc. and wonder why they aren't being paid a lot more.  One thing I know for sure is he will not lack for resumes from lower level employees who will be looking to cash in.

I suspect that some time in the future there will be a quiet announcement that he is abandoning his experiment due to all sorts of unexpected consequences.  That news will be very challenging to find.