The entrepreneur who got salary for distribution among their … – BBC

Editor BBC

• April 16, 2015

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Dan Price is an American entrepreneur who think Gravity Payments at age 19.

Dan Price was found one day with a study stating that to be happy a person must earn at least $ 70,000 a year.

And research impacted the founder of credit card payments Gravity Payments so, which this week decided to announce its 120 employees that would start being paid base.

get himself his salary-from 1 million dollars will be downloaded and used $ 2.2 million profit generated by the company last year.

” I think this is what everyone deserves, “he told his employees that no were amazed.

The plan will be implemented in three years and employees who earn less than $ 70,000 receive annual increments, with the aim of reaching that figure, or even overcome it for December 2017.

“moral imperative”

Gravity Payments facilities are located in Seattle, United States.

Price founded Gravity Payments at age 19, when he was a student at the Seattle Pacific University.

And the businessman, 30, says he does not need US $ 1 million to live.

According told the American chain ABC News television, if both were charged because that is the salary of a CEO, which Price now considered “crazy”.

And so will set its own minimum wage established for all

Price acknowledge that you may live a life of luxury, but maintains the same car for more than 12 years ago: an Audi that got in exchange for help with the services of his company to a local car salesman

He firmly believes that “the more you have,. sometimes more complicated it becomes your life “and considered that these increases were a” moral imperative “to reduce the pay gap between CEOs and employees.

The more you have, sometimes more complicated it becomes your life

Dan Price, businessman

The first salary offered was $ 24,000 and did not include health insurance. Since then, he says, tried to improve the conditions of its employees and the company has finally reached a point of success where you can.

No need more

The study published by Princeton University in 2010 said that people should be happy to collect 70,000 to $ 75,000.

Less than that amount has an emotional impact because people are concerned about their needs.

Above, the impact is virtually nil, because you can have access to luxury items, but the basics are already covered.

Price announced that his salary will be reduced to meet announced by the company.

Among the reaction of their employees excitement, disbelief and happiness.

“I’ve heard people saying now I can have a baby, I can now move on my parents … I now live close to work and not travel an hour by public transport, “he said in an interview with CNNMoney .

” This is the best way to spend money I’ve made in my life, “he said.