LOCAL NEWS

Seattle company continues expansion of $70,000 minimum salary

Sep 27, 2019, 5:48 AM
Gravity Payments Dan price minimum wage...
Gravity Payments. (AP Photo/Ted S. Warren)
(AP Photo/Ted S. Warren)

Gravity Payments — the company known for its groundbreaking $70,000 minimum salary for its Seattle employees — expanded that offering to its Boise, Idaho offices.

Report: Gravity Payments trial reveals CEO exaggerated statements

The move was announced in Tuesday news release, putting its Boise employees on track to meet the $70,000 salary minimum by 2024.

Gravity first raised its salary minimum in Seattle to $70,000 in 2015, when its CEO Dan Price opted to cut his $1.1 million yearly pay down to $70,000 to fund the move.

“A lot of people said giving up a million dollar per year salary was an unreasonable sacrifice to pay a living wage,” Price said on Twitter. “It was worth it. I am proof of that. Any business making over a million in profit, any CEO making over a million should do it.”

In 2016, Price won a lawsuit filed by his brother and business partner, Lucas, alleging the CEO had violated his brother’s rights as a shareholder. In the year’s since, Price has garnered the attention of everyone from other CEOs, to Democratic presidential candidate Andrew Yang.

Gravity now boasts over 200 total employees. In the years since the $70,000 salary minimum, Price has pointed to an increase in employees who have had children, a 10 percent increase in employees who bought a home, and a doubling of 401k contributions.

“The worries of not being able to pay for something have disappeared,” a Gravity employee wrote recently. “I don’t have to make a choice between fuel or groceries. I don’t have to worry about an unexpected emergency.”

Local News

Bellevue...
KIRO 7 News Staff

77-year-old Bellevue woman stops home intruder in landslide neighborhood

Thieves hit the neighborhood impacted by the Bellevue landslide but didn’t get away with much, thanks to one brave 77-year-old woman.
22 hours ago
national guard...
Stephanie Klein

National Guard arrives to Harborview Medical Center to help with COVID testing

A Seattle hospital official says the arrival of 10 army soldiers on Friday is a huge help.
2 days ago
End restrictions...
Nick Bowman

UW modelers: State might finally be able to end ‘major restrictions’ once omicron wave passes

Modelers at UW's Institute for Health Metrics & Evaluation believe that we could be nearing the end stages of major virus-related restrictions. 
2 days ago
Long term care insurance...
Nicole Jennings

Analyst’s advice for Washingtonians who got private long-term care insurance

An Association of Washington Business analyst explains the outlook for private long-term care insurance now that the WA Cares tax will likely be delayed.
2 days ago
COVID tests...
MyNorthwest Staff

Washington households can order at-home rapid COVID tests at no cost

The state Department of Health is going live with its portal to order free at-home COVID tests that ship directly to households.
2 days ago
Bobcat...
MyNorthwest Staff

Bobcat watches from side of road as WSDOT crews plow SR 20 near Colville

WSDOT crews had an unexpected observer while plowing snowy roads near Colville earlier this week, with a bobcat watching them work.
2 days ago

Sponsored Articles

...

Compassion International Is Determined to ‘Fill’ a Unique Type of Football ‘Stadium’

Compassion International SPONSORED — During this fall’s football season—and as the pandemic continues to impact the entire globe—one organization has been urging caring individuals to help it “fill” a unique type of “stadium” in order to make a lasting difference in the lives of many. Compassion International’s distinctive Fill the Stadium (FtS, fillthestadium.com) initiative provides […]
...

What are the Strongest, Greenest, Best Windows?

Lake Washington Windows & Doors SPONSORED — Fiberglass windows are an excellent choice for window replacement due to their fundamental strength and durability. There is no other type of window that lasts as long as fiberglass; so why go with anything else? Fiberglass windows are 8x stronger than vinyl, lower maintenance than wood, more thermally […]
...

COVID Vaccine is a Game-Changer for Keeping our Kids Healthy

Snohomish Health District SPONSORED — Cheers to the parents and guardians who keep their kids safe and healthy. The dad who cooks a meal with something green in it, even though he’s tired and drive-thru burgers were tempting. The mom who calms down the little one who loudly and resolutely does NOT want to brush […]
...
Experience Anacortes

Coastal Christmas Celebration Week in Anacortes

With minimal travel time required and every activity under the sun, Anacortes is the perfect vacation spot for all ages.
...

Delayed-Onset PTSD: Signs and Symptoms

Lakeside-Milam Recovery Centers SPONSORED — You’re probably familiar with post-traumatic stress disorder. Often abbreviated as PTSD, this condition is diagnosed when a person experiences a set of symptoms for at least a month after a traumatic event. However, for some people, these issues take longer to develop. This results in a diagnosis of delayed-onset PTSD […]
...

Medicare open enrollment ends Dec. 7. Free unbiased help is here!

Washington State Office of the Insurance Commissioner SPONSORED — Medicare’s Open Enrollment Period, also called the Annual Election Period, is Oct. 15 to Dec. 7. During this time, people enrolled in Medicare can: Switch from Original Medicare to a Medicare Advantage plan and vice versa. Join, drop or switch a Part D prescription drug plan, […]
Seattle company continues expansion of $70,000 minimum salary