Name:   Talullahhound - Subject:   $70K minimum wage Date:   4/17/2015 1:56:30 PM

I believe the basis of his decision were studies that have indicated that $70K a year is considered a "living wage", i.e. that which a person can actually live on.  I don't recall if you mentioned that he, as CEO,  is taking a very significant pay cut to achieve this.  I also don't recall what other benefits his employees are getting, like health care or vacation time.  One thing is for sure - the turnover will no doubt be very low for his clerical/administrative staff.  I have found it is a lot easier to hire a new engineer or other professional than it is to hire really good clerical/administrative staff.  Doubt the model would work for every company, but if his company can afford it and he wants to do it, why not?