“Income inequality has been racing in the wrong direction,” he told the New York Times. “I want to fight for the idea that if someone is intelligent, hard-working and does a good job, then they are entitled to live a middle-class lifestyle.”
But it appears Price’s fight hasn’t been a cakewalk.
Apart from the hit his own salary took — $1 million down to $70k — Price began renting out his house to help with his diminished income. He also had to hire a dozen new employees at much higher wages to handle new clients intrigued by his stance. And then some older clients backed out believing fee spikes were around the corner, while others walked away because they took Price’s announcement as political.
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That was nothing more than a PR stunt. This will be a failure in the end.
ReplyDeleteThe power of be made sure this idea does not work. And, unfortunately the little folks will not enjoy their raises.
ReplyDeleteIf you bothered to read the article what should be taken away from it is this, wage and raises should be based on experience and performance, nothing else. That is what needs to happen to keep a company growing and happy. Not everyone is equal and not everyone should be paid the same. PERIOD. The CEO should make much more than the standard employee especially if that CEO is also the owner. With great risk comes great reward.
ReplyDeleteEveryone needs to get back to work and stop looking for easy street. it does not exist.