Chris and Stephen give three cheers for Dan Price, who voluntarily cut his own pay and raised the pay of his employees to a minimum of $70K a year. We discuss the nature of money, income inequality, how we can fix problems in non-governmental ways (sometimes, and in some ways), and about the limits of praise. We also inaugurate Mr. Price into the newly-founded Winning Slowly Hall of Fame amidst celebratory explosions. (No, really.)
Before You Go
- SpaceX Rocket’s First Stage Crashes During Landing Attempt | Video by Thomas Friedman
- “Phoenix” by Laura Joy. Used by permission.
- “Winning Slowly Theme” by Chris Krycho. We considered adding an explosion just because of the Before You Go, but alas, time constraints.
- One Company’s New Minimum Wage: $70,000 a year by Patricia Cohen
- High income improves evaluation of life but not emotional well-being by Daniel Kahneman and Angus Deaton. The article that Dan Price read.
- Scripture about Gleaning: Leviticus 19:10
- Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World by Brad Stone. Costco
- Public-benefit corporation Wikipedia page
- Rolling Jubilee
- Fight for $15
- When Helping Hurts: Alleviating the Poverty Without Hurting The Poor… And Ourselves by Steve Corbett & Brian Fikkert
Previously on the show
- 1.14: Buying Me Off With Warm Fuzzies—we talked about how corporations fund the arts.