Do higher wages help raise revenue?
September 23, 2016
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8:18Now PlayingDo higher wages help raise revenue?
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as posted by the channelIn 2015, Gravity Payments CEO Dan Price announced he would raise the company’s minimum wage to $70,000 a year by 2017 and slash his own compensation by more than 90 percent. More than a year later, Price reports the company's revenue and clientele has grown substantially, despite critics' predictions that the move would be bad for business. NewsHour Weekend Special Correspondent John Larson reports.
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