CEO just trying to stand up for the underdog

Seattle, WA
Joined November 2013
6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on bread lines. Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought. Always invest in people.
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Meatpacking is the 2nd-most dangerous job in America in terms of amputations. But 80% of workers say they don't even get bathroom breaks. Wages fell from $25 in 1974 to $19 now. The biggest companies doubled profit in the pandemic to over $4 billion theguardian.com/environment/…
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General Mills just paid a $300 million dividend to investors, bought back $150 million in stock to enrich execs and investors and pays its CEO $16 million. It makes $2.1 billion a year in profit. It is raising prices on cereals 20% and blaming "inflation" cnn.com/2021/11/23/business/…
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Our company pays a min wage of $70k and has paid parental leave, full benefits, paid time off, and allows people to work remotely. We received 25,400 applications this year for 72 jobs. There's no labor shortage. There's a shortage of jobs that treat people with respect.
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You ever sit around and think about how there are 535 people who make the laws and they change every two years, but only 9 people who uphold the laws and they keep their jobs forever?
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Things that should never be for profit *Health care *Water and electricity service *Internet *Prisons *Military (contractors) *Trading stocks while in office *Anything developed with taxpayer funds If that's considered "socialism" then so are libraries and K-12 public schools
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"college debt is just about useless arts degrees" 76% of professional programs (dentists, vets, etc) leave people with more debt than salary two years after graduating. If the pay is good the college cost is even higher. wsj.com/articles/some-profes…
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Dan Price retweeted
A striking measure of Amazon’s monopoly power is the vast stream of cash that it extracts from the businesses that have to rely on its site. In a new report, we find that Amazon is pocketing a 34% cut of sellers’ revenue — up from 19% in 2014. 1/ ilsr.org/amazons-toll-road/
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$50 billion to vaccinate the world is what U.S. billionaires have made every two weeks in the pandemic.
The OECD says it would cost $50 billion to vaccinate the world — a sum that pales in comparison to the $10 trillion G-20 countries have spent mitigating the economic impact of Covid-19 trib.al/LIaWATb
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Probably the single worst argument against a wealth tax is "rich people would have to sell stock, which would tank the market." CEOs and insiders sold a record $69 billion in stock this year. At the same time, stocks are up 15% this year to a record high cnbc.com/2021/12/01/ceos-and…
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You notice how every other country with a higher minimum wage, stronger unions, regulations against corrupt employers, effective retirement plans, guaranteed paid sick and parental leave and shorter work hours don't have workers quitting in droves? must be a weird coincidence
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92% of infrastructure projects go over budget in the U.S., usually by a lot. Voters approved California's high-speed train when they were told it would be done in 2020 at $33 billion. Now it's $100 billion and may never get done. We are so bad at this nytimes.com/2021/11/28/us/in…
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Businesses lay off people in the pandemic to save money: "that's just smart business" Workers leave businesses to make more money elsewhere: "that's just poor loyalty"
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How to build a toxic work culture: A CEO is offering bonuses to employees to not take sick days. I will never understand why bosses think making everyone sick or burned out is an effective long-term strategy. ladbible.com/news/weird-ceo-…
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Corporate profits are at their highest level since 1950. Profits are up 37% in the last year. Companies see people complaining about worker pay bumps and inflation and see it as an opportunity to raise prices to raise profits. And people fall for it. bloomberg.com/news/articles/…
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We give every employee $500 to donate to a nonprofit of their choice every year. Our employees are collectively way smarter than I ever could be as CEO. So instead of making top-down decisions on how to spend our money, we try to make bottom-up decisions. #GivingTuesday
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A guy was caught stealing $950 in stuff from Walgreens. It led to 309 news stories. Walgreens was caught stealing $4.5 million from employees. It led to 1 story. Wage theft is bigger than all robberies combined but you wouldn't know it watching the news popular.info/p/a-tale-of-two…
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Translating job ads Competitive salary: Low pay revealed in 5th interview Flexible schedule: Work holidays, Sundays Be your own boss: Contractor with no benefits Seeking rockstar: Work 80-hour weeks Fast-paced environment: Burn out in 3 months We're like a family: Run like hell
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