CEO just trying to stand up for the underdog

Seattle, WA
Joined November 2013
6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on bread lines. Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought. Always invest in people.
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A mortgage startup called better.com got a $750 million investment. The next day, its billionaire founder laid off 900 people in a three-minute Zoom meeting. He previously called staff "a bunch of dumb dolphins" and got a $25 million bonus. thedailybeast.com/softbank-b…
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Dan Price retweeted
Lol last night I saw dominos pizza on the news, they’re trying to get applicants by doing a draw for everyone that applies, and giving away a Nintendo switch and free pizza for a year to the winner. Just pay more ffs
Our company pays a min wage of $70k and has paid parental leave, full benefits, paid time off, and allows people to work remotely. We received 25,400 applications this year for 72 jobs. There's no labor shortage. There's a shortage of jobs that treat people with respect.
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my jam
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Why is it so much easier to believe prices are going up because of inflation and not because there are 2-4 companies that control every industry?
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It's so weird to me that workers getting more money is presented as a bad thing. We seem to have a belief that businesses have the right to exist at whatever pay rates they deem necessary but not that people have the right to make a living wage.
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Welcome back to "brands try to pressure you to spend $50,000 without your partner's consent" season
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If companies were really "forced to raise prices" because of inflation they would have been "forced to lower prices" after they got $1.9 trillion in tax cuts. But they didn't - they raised prices then, too.
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Meatpacking is the 2nd-most dangerous job in America in terms of amputations. But 80% of workers say they don't even get bathroom breaks. Wages fell from $25 in 1974 to $19 now. The biggest companies doubled profit in the pandemic to over $4 billion theguardian.com/environment/…
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General Mills just paid a $300 million dividend to investors, bought back $150 million in stock to enrich execs and investors and pays its CEO $16 million. It makes $2.1 billion a year in profit. It is raising prices on cereals 20% and blaming "inflation" cnn.com/2021/11/23/business/…
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Our company pays a min wage of $70k and has paid parental leave, full benefits, paid time off, and allows people to work remotely. We received 25,400 applications this year for 72 jobs. There's no labor shortage. There's a shortage of jobs that treat people with respect.
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You ever sit around and think about how there are 535 people who make the laws and they change every two years, but only 9 people who uphold the laws and they keep their jobs forever?
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Things that should never be for profit *Health care *Water and electricity service *Internet *Prisons *Military (contractors) *Trading stocks while in office *Anything developed with taxpayer funds If that's considered "socialism" then so are libraries and K-12 public schools
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"college debt is just about useless arts degrees" 76% of professional programs (dentists, vets, etc) leave people with more debt than salary two years after graduating. If the pay is good the college cost is even higher. wsj.com/articles/some-profes…
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A striking measure of Amazon’s monopoly power is the vast stream of cash that it extracts from the businesses that have to rely on its site. In a new report, we find that Amazon is pocketing a 34% cut of sellers’ revenue — up from 19% in 2014. 1/ ilsr.org/amazons-toll-road/
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$50 billion to vaccinate the world is what U.S. billionaires have made every two weeks in the pandemic.
The OECD says it would cost $50 billion to vaccinate the world — a sum that pales in comparison to the $10 trillion G-20 countries have spent mitigating the economic impact of Covid-19 trib.al/LIaWATb
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Probably the single worst argument against a wealth tax is "rich people would have to sell stock, which would tank the market." CEOs and insiders sold a record $69 billion in stock this year. At the same time, stocks are up 15% this year to a record high cnbc.com/2021/12/01/ceos-and…
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You notice how every other country with a higher minimum wage, stronger unions, regulations against corrupt employers, effective retirement plans, guaranteed paid sick and parental leave and shorter work hours don't have workers quitting in droves? must be a weird coincidence
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