Seattle mompany increases minimum wage to $70,000 a year

Seattle mompany increases minimum wage to $70,000 a year

Tuesday, April 14, 2015

One Seattle-based company raised its minimum wage to $70,000 a year, citing a happiness study. As the disparity between CEO and employee salaries continues to grow and gain negative attention in the U.S., the CEO of Gravity Payments recognized an economic issue and took this unusual action. Read more in a story from the New York Times.

Go to the Financial Self-Sufficiency section of Gulf Coast Community Indicators for more details on median household income and other factors affecting financial footing here on the Gulf Coast.