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The boss who put everyone on 70K

bbc.com

241–250 of 381 posts

Re: The boss who put everyone on 70K

#241
I used to work at Gravity. Dan (owner of Gravity) is sincere and frankly the real deal.

Dan Price really is like what is presented in this article. He actually cares about his employees and is being genuine here. He's a good person, making a private business decision to increase the pay of frankly his lowest paid workers.

In a city where the average tech worker earns $275k a year, he believes its the right thing to do to make sure everyone that works for him at Gravity can earn enough to afford rent, food, and some fun.

Say what you will about the merits of decision, but it takes real leadership to make it and stand by it. I happen to think he's doing the right thing and I hope other companies choose to follow suit.

Re: The boss who put everyone on 70K

#243

Just to clarify - the article mentions that he put everyone in the company on a minimum salary of $70K. I would think that high level technical staff on $100K+ would have been more than a little upset to have their salary slashed. Junior staff members are the winners here!

I worked at Gravity and made much more than $70k. Nobody had their salaries cut. Only the CEO cut his salary from > $1MM to $70k.

Re: The boss who put everyone on 70K

#244
post #150

Earlier quoted context omitted.

I worked sub-minimum wage for a decade or so; I don't think poverty is an impediment to creativity. It is an impediment to using that creativity (particularly to generate value and/or income), however. Not disagreeing, just trying to add some complexion.

> I don't think poverty is an impediment to creativity. Poverty may even trigger creativity at times. But stress is the major impediment, and therefore living in long-term poverty does not favor sustained creativity.

Some creativity is "cheap entertainment" in the sense that much of it requires little material wealth to engage in, and that might sometimes spur creativity simply out of lack of alternatives. When I lived on next to nothing when I was younger, it was easy to focus on writing because I didn't have money to e.g. go out on the town. Reading back what I wrote, though, a lot of it seemed to be extremely introspective of my situation to the extent that I'd be embarrassed to let anyone read it even if it had been any good.

I grew up in Norway; incidentally, one of the most famous Norwegian novels is the semi-autobiographical "Sult" (literally "Hunger") by Knut Hamsun, describing a young writers descent into madness as the hunger grips him as he wanders around in what is now Oslo.

But I've also seen the flip side, where you spend so much time worrying about money or acquiring a semblance of security that everything else gets pushed aside.

Re: The boss who put everyone on 70K

#245

Earlier quoted context omitted.

You are right. JK Rowling of harry potter comes to my mind when I read your comment ... In one of her commencement speeches she will draw attention to this exact same point ...

Isn't it important to look for trends rather than standouts? Just because JK Rowling, who is an extraordinary success story, made it doesn't mean others will, because otherwise JK Rowling wouldn't be extraordinary.

Actually I was agreeing with the point that being poor does not impede creative thinking. I agree with your point too that JK Rowling has an extraordinary sucess story.

But then again, we will never know about extremely creative yet poor people who are struggling to make ends meet and wasting their precious mental energy on things others take for granted.

But that does not discredit the original point (to which I was agreeing), that being poor is not an impediment to creativity.

Re: The boss who put everyone on 70K

#246
post #222

Earlier quoted context omitted.

Replace Berlin with Toronto and you'd be just as correct. It's a concern that spans decades. https://www.cbc.ca/archives/the-last-days-of-toronto-s-low-r... — This article dates to the 80's and its tone is the very same. (Canada's lost sweetheart PM hopeful is interviewed in one of the videos when he was a Toronto city councilor. Such a loss. He really had his finger on the pulse)

The artist scene is constantly moving taking advantage of unsafe areas making them safe so they can be pushed out once word gets out this is an artist area.

That’s my observation too. When it’s protected, it rots as it yields elites and keeps outsiders out. It becomes a reference point to pseudo intellectuals so they can judge anybody who diverge from this mecca, up until some other place replaces it and becomes a museum.

Re: The boss who put everyone on 70K

#247

> "When money is not at the forefront of your mind when you're doing your job, it allows you to be more passionate about what motivates you," she says. I spent the first several years of my career working in academia for a poverty level wage. I can confirm from my own experience that when you worry about not being able to pay rent and all the bills, it's very difficult to be productive, much less in a job that requir…

And it will have an effect on your kids too. You might think they wouldn't notice, but they do. Lacking money occupies your mind, you just tend to forget if money isn't a problem anymore.

If anything, one of the biggest benefits of earning more is exactly to not have to think so much about money - more and more things start falling into the "cheap enough that I don't have to care what it costs" bucket.

To me that's the main benefit of earning more. Sure, it's nice to be able to buy more expensive things overall, and e.g. be able to travel more, but I find more value in the many tiny day to day improvements that individually sound trivial, such as not having to budget when at the grocery store. It's a few minutes here and a few minutes there extra where my mind is free to relax or focus on more interesting things, and it really adds up.

There was a year in my youth when I had a big economic setback, and suddenly had to budget my day to day expenses again, and frankly, the time I lost that I had to spend thinking about money, from the small things like how much I could afford to spend for lunch to how to cover rent, was exhausting, and a very stark reminder of how easy my life had become prior to that. And I've never experienced true poverty - I always had multiple safety nets; I'd never have starved, for example.

I think the mental exhaustion from dealing with a strained economy is one of those things people who haven't experienced it tend to don't get when trying to imagine what life is like for people who have little money.

Re: The boss who put everyone on 70K

#248

> "When money is not at the forefront of your mind when you're doing your job, it allows you to be more passionate about what motivates you," she says. I spent the first several years of my career working in academia for a poverty level wage. I can confirm from my own experience that when you worry about not being able to pay rent and all the bills, it's very difficult to be productive, much less in a job that requir…

I live in Berlin, which has a history of being both poor and having an extremely creative subculture. It's interesting but sad watching that creativity vanish as the rents rise. There's more money here now, but less creativity. I think this apparent contradiction is resolved by asking "who had the time to be creative?". When rents were low, artists could make ends meet and still have time to create. As rents are risi…

“I must study Politicks and War that my sons may have liberty to study Mathematicks and Philosophy. My sons ought to study mathematicks and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, musick, architecture, statuary, tapestry, and porcelaine.” - John Adams

Seems like we are regressing from artists back to "mathematicks". Hopefully we don't regress further into "Politicks and War".

Re: The boss who put everyone on 70K

#249

Anyone who was worked a job where low wages are paid (either as a worker receiving low wages or in a managerial position) knows that there is an extremely tangible effect on work quality and productivity. Workers who feel they aren't being fairly compensated for their labor don't work as hard. They don't show as much attention to detail. They don't have any loyalty to their employers, who they perceive as exploiting…

> Its no surprise to me that paying workers a living wage (or even something close) results in measurable benefits for a business, in a variety of ways (not to mention immeasurably improving the lives of employees). Not if their work doesn’t really differentiate the product. I have all the research I need about products from the internet, so I don’t need a store employee to sell me anything. Same with many other low…

Spoken like someone who has never worked in a low-wage job, owned a business, or managed low-wage workers.

There are low-paying jobs for a variety of reasons, including in large part, corporate welfare for the largest employers, like Wal-Mart, which the government subsidies at taxpayer expense to facilitate the payment of starvation wages.

https://www.forbes.com/sites/clareoconnor/2014/04/15/report-...

As far having everything you need for your products due your internet research, I hope you will enjoy the coronavirus (or whatever other communicable disease you acquire) as an added bonus from low-wage workers who are unable to call in sick. The people who brew your coffee, make your sandwich, park your car or do a million other things that allow our society to function. Perhaps when your mother, your aunt or child dies because they were needlessly infected by a low-wage worker who couldn't afford to seek treatment or call in sick to work you will factor that "worth" into their perceived value.

Re: The boss who put everyone on 70K

#250

Earlier quoted context omitted.

It’s possible PCI-DSS didn’t exist back then. DSS has only been around since 2004.

most likely true. these days you have to be a well funded company that has enough cash to jump through the hoops. the cost of entry these days is astronomical. hence very few players on the market.

regulatory capture?
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