Ah, I opened a thread too (in general after thinking if mustachianism or somethign else) and then see this one ^^
His idea bubbled into reality on Monday afternoon, when Mr. Price surprised his 120-person staff by announcing that he planned over the next three years to raise the salary of even the lowest-paid clerk, customer service representative and salesman to a minimum of $70,000.
If it’s a publicity stunt, it’s a costly one. Mr. Price, who started the Seattle-based credit-card payment processing firm in 2004 at the age of 19, said he would pay for the wage increases by cutting his own salary from nearly $1 million to $70,000 and using 75 to 80 percent of the company’s anticipated $2.2 million in profit this year.
Now, thats an unusual move, thats for sure.
If you are nasty you could say a nearly-mustachian is going to pamper a company full of complainypants. ;)
It showed that, for people who earn less than about $70,000, extra money makes a big difference in their lives.
Yes, thats the old "money doesnt make you happy, but it makes you alot more relaxed" as I like to put it.
Interesting for me is that the "border" has upped more then inflation again from the last time. I think it was end of the 90s and $40,000 then.
So why does a mustachian family like MMM still is happy with the 40,000 (I include housing/mortgage costs here, bc the people in the article still pay for it) but the average american needs nearly the double, I am wondering?
