Over the last couple of years, major corporations such as the Gap, McDonald’s, and Walmart joined the growing ranks of companies voluntarily raising wages. But recently, a smaller tech company, Gravity Payments in Seattle, took a more unusual step by raising the minimum wage for professionals in the firm to $70,000 per year. Given the collective hand-wringing from some economists and pundits following the announcement, you would think Gravity was waging war on capitalism. But a decision to invest in people, even in an unconventional way, should be judged no differently than other strategic investment choices.
The Business Investments That Freak People Out
Why are we biased against investing in people and the planet?
May 06, 2015