How Much Money Do You Need?

They have a lot of strange ideas in Seattle, Washington.  Dan Price, founder of Gravity Payments, promises to raise the minimum wage of all his employees to $70,000.

This is a time our country is fighting the raising of the minimum wage, and reports of a growing gap between the top 1 percent of wage earners and the lowest wage earners, as well as concerns about the increasing struggles to maintain the quality of life among the middle class.  The American dream is under siege and Price takes the action making all his employees middle class.  What is Price thinking?  This is his profit!  He did this because he read an article on Money and Happiness!?

Many people may think they would do this if they had the money, but honestly, would we?  Making a profit is the big goal.  Amassing large amounts of money for private jets, our own private island, hobnobbing with celebrities is the dream of wealth.  To the victor go the spoils!

Price must believe all of those people in his company contribute to his success.  Rather than thinking of these people as replaceable cogs as they move on to greener pastures to better their lives, while he lines his pockets using up the next poor person at low wages, he believes his employees are vital to the success of his business, and he is concerned with their happiness.  Happiness isn’t just something they have to find for themselves out of work, but happiness is something he can and will help them achieve by paying his employees generously.

While money can’t buy happiness, it can relieve the insecurity and anxiety of juggling your finances to cover the normal life expenses, from a car breaking down, or an unexpected health emergency.  Less insecurity and anxiety, the more you can focus on happiness.

I guess Price feels very secure, and I would like to thank him for sharing. Maybe he will get others to think about just how much they really need.

5 thoughts on “How Much Money Do You Need?

Add yours

  1. This is so true. If more people of a certain income bracket thought like this, poverty in this, the richest country in the world, wouldn’t be as common a problem.


  2. Yes, I saw that article and thought it was awesome. It’s very difficult to watch my bosses eat lunch out every day and take vacations whenever they want to while I didn’t get a Christmas bonus or raise this year. All the same, you have to expect that they are used to certain luxuries and want to be able to maintain them. This man is very generous. I can’t say for sure I would do the same but I’d like to think I would keep giving my employees steady wages. P.S. How do we get to work for him??


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