[Ep. 248] The Effects of a $70k Minimum Wage Increase with Dan Price

This episode of the Mo’ Money Podcast is sponsored by jennylife. Get your Life Insurance Policy without bloodwork or unnecessary red tape online minutes. To learn more visit jennylife.com/money

I almost never slide into anyone’s DMs, but if I do…it’s to beg them to be on my podcast. So when I saw some news articles online talk about Dan Price, CEO of Gravity Payments, and the effects of the $70,000 minimum wage increase he implemented 5 years ago (a story that went viral globally!), I thought this was my chance to just ask and see what happens.

And it worked! Not only that, Dan has since written a book called Worth It all about his journey of becoming an entrepreneur, going from no money to millionaire status, and then making the radical decision to cut his million-dollar salary to $70,000/year so he could increase the wages of all his staff.

In this episode, we talk about his relationship with money, his experiences mingling with the 1%, income inequality, universal basic income, and what he hopes to achieve with his $70,000 minimum wage in the future. All I can say is I hope more CEOs take a page out of his book (pun intended) because people not only deserve a living wage but a wage that can make a huge difference in their overall quality of life.

Things I Mentioned in This Episode

• Grab a copy of Worth It by Dan Price
• Learn more about Gravity Payments
• I’m giving away copies of all the books featured on this season of the podcast! To enter, visit jessicamoorhouse.com/contests

Follow Dan

• Twitter
• Instagram

Looking for Financial Help?

Looking for some financial help during these tough and uncertain times? I’m currently opening up slots to my financial counselling program, and have just reduced the prices on all my online courses to make them more accessible. Moreover, I’ve just opened up a scholarship program so if you still want to enroll but can’t currently afford to, you can apply for a scholarship here.