#dan price

[unbfacts]

In 2015, Dan Price, the CEO and cofounder of Gravity Payments, cut his own pay from about 1 million dollars to 70,000 and set a 70,000 dollar minimum salary for everyone at the company. He said he wanted people to live comfortably and shrink pay gaps.

[porterdavis]

How it's done

[left-reminders]

If The “Only Moral CEO” Is an Abusive Narcissist, What Does That Say About Capitalism? ❧ Current Affairs

<p>Dan Price was hailed for his commitment to paying his employees generously, showing how capitalism can “have a heart.” Now that he has be

...[P]ower corrupts. When you are in charge of a multi-million dollar company, people are less likely to tell you “no” and have no real way to hold you accountable. Price had the power to call a meeting to “ridicule an underperforming employee.” The employee did not have the power to call a meeting to ridicule Dan Price. One of the ways that human beings’ worst instincts can be kept in check is by making sure they do not have the power to abuse others without consequence. We maintain a pattern of moral conduct in part by being called out by others when we act like assholes. If nobody is able to tell the guy at the top that he’s acting like an asshole, he will probably continue to think of himself as kind and benevolent. The same dynamics occur in dictatorships—people who may have begun life as normal or idealistic are simply given too much unaccountable power and are never contradicted. 

This is one reason why capitalism is not going to “have a heart.” One problem with a system in which workers sell their labor to capitalists is that the capitalists have too much power over the workers. They might bump wages up, but ultimately the world needs not to be ruled by men who can get away with anything. According to the accusations detailed in the Times, based on dozens of interviews as well as police reports, Dan Price’s fame allowed him to get away for years with acts of physical assault. It is a familiar story. The idea of capitalism with a heart is indeed a fairy tale. It won’t happen, because capitalism is predicated on a division between a class of owners and a class of workers, and the difference in power allows abuse to flourish. We do not need generous and caring rich people who maintain their decision-making power. We need to redistribute that decision-making power. The Dan Price story provided the illusion that all we need are better bosses. While it is true, and important, to note that the rich could redistribute their wealth if they chose, and their high status is a choice rather than a product of the laws of economics, it is also the case that “more Dan Prices” will not make the world better. As we have seen, such people are often simply self-aggrandizing and even abusive in private. The only solution is to expropriate them.

[imkeepinit]

[dontmeantobepoliticalbut]

[liberalsarecool]

Prices: Comparable.

Wal-Mart just steals more from their employees.

[wethefighters]

[wahbegan]