After reading a research paper that stated that employees who earn less than $70,000 would be happier if they earned more, CEO Dan Price decided to make a change.

The founder of Gravity Payment recently set the minimum wage for each of his 120 employees to $70,000, reports The New York Times.

The new wage will be rolled out over the next three years, as he drops his own salary from $1 million and redirects company profits to pay his employees. Some staff will even see their salaries double.

Read more.

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Originally published on Advisor.ca

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