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Dan Price
Twitter isn’t new to tweets that grab instant attention. Currently, Dan Price, CEO of Gravity Pay, is creating quite a stir on Twitter as he started the conversation on fair wages. What is a fair wage? In response to Price’s Twitter response, could fair wages be the problem in general, as some critics have pointed out? On Twitter, he proudly stated that his company pays a minimum wage of $80,000, a figure that may come in handy for other employers struggling to keep their heads above water. On Twitter, Price can be seen taking a jab at employers for not paying fair wages. The question is if this corresponds to the reality and if the employees are Price’s example, the working conditions will be better.
My company pays $80k a minute, lets people work wherever they want, has full benefits, paid parental leave, etc.
We get over 300 applicants per job.
“Nobody wants to work” is hell. “Companies don’t pay workers fair wages and don’t treat them with respect.”
— Dan Price (@DanPriceSeattle) August 8, 2022
Twitter responded
Price’s tweet caught the attention of a good number of Twitter users, especially employers, who disagreed entirely with his points. On the other hand, Price’s salary policy seems very attractive to workers who are eager to ask if their company is hiring. Does the tweet raise concerns for employers because it sets a higher bar?
This might be the right time to talk about better odds as opposed to reasonable odds.
Hiring any software engineers? My son is looking for a better opportunity.
— Mr. Positive (@GlenEllynDad1) August 9, 2022
Or maybe it’s time to redefine the minimum wage system
Many times CEO/senior manager/salary 20 years ago in the same/similar job seems to still somehow be the benchmark now.
— Simon RT (@SimonRTweets) August 8, 2022
Unemployment is currently at 3% so I don’t really understand where the “nobody wants to work” thing comes from.
– Poverty is a death sentence (@PovertyDeath) August 8, 2022
What is the real problem here? Lack of good paying jobs or lack of qualified professionals?
Such a generalization that does not accurately reflect the current reality. I know recruiters who posted 2-3 times better paying jobs because the applicants were not qualified for the position. These are high paying, full benefits, paid parental leave jobs.
— Daniel Kripault (@DJRB2006) August 8, 2022
Doesn’t that seem a little unlikely in this day and age where working from home is the new normal?
I guarantee that if your people were in an office environment, they wouldn’t be learning/teaching each other, which means you’re sacrificing the development of your staff to save on office space. Any choice you or your employees make.
— TwoYutes (@MFC38357854) August 8, 2022
This may be the necessary reality check. Not everyone can afford to look at the world through rose-colored glasses.
Once he finds a millionaire running a multi-billion dollar company, he gives a worthless “hot” without any real plan. Forgetting that 98% of all US businesses are classified as small businesses and earn 1-5% profit margins on 1-5 million in gross revenue.
— Keith (@ChazzonKe) August 8, 2022
Well, as the saying goes, ‘to each his own’.
Definitely not a fair comparison based on the type of business so try again. If you had a warehouse business, with upfront costs, I guarantee you wouldn’t pay at least $80K if you had entry-level employees.
— KC Trading (@KCTrading09) August 8, 2022
You may want to reconsider the ‘5+ years experience’ section for apprentice roles.
Wrong Dan. My company offers $15.50 an hour plus benefits (pizza lunch on the first Friday of every month).
But no one wants to apply for our accounting intern job (worked more than 5 years)
— John W. Rich (Fake Tech Exec) (@Cokedupoptions) August 8, 2022
If people didn’t want to work, we wouldn’t be adding 300-500k jobs per month with unemployment below 4%.
“No one wants to work” is code for “It’s hard to exploit workers.”— Jason Cross (@JasonCross00) August 8, 2022
It will check your status in 2 years. Most owners who try to entertain their employees will find their operating costs are above par after a few quarters, but hey, they probably live in a niche market where there’s no competition. Many people expect too much just for their low cost capabilities.
— Garrett Gilman (@belisariusak) August 8, 2022
Now that’s a reasonable question.
Gosh, I really like your idea of paying employees well, but it’s hard for us small companies to get to that level.
What advice would you give to owners of companies that are still growing?
— Cantrip Candles (@CantripCandles) August 8, 2022
Some users criticized Price’s fair wage policy, saying it would eventually destroy the business, while others sided with the CEO, saying their business has grown exponentially over the years.
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