Minimum wage raised to $70K at a Seattle company

Seattle company raises its minimum wage to $70k annually

Gravity Payments a Seattle based credit card processing company, is raising the pay of all employees to a minimum $70 000 annually. In total 70 employees will get the raise increase, some employees are currently make barely half that amount.

The financing for the raises is coming from company founder and CEO Dan Price, who will lower his $1 million dollar yearly salary to $70 000.