PBS News Weekend

Season 6, Episode 26 of 99

In 2015, life changed for the 100 employees of Gravity Payments in Seattle, when their boss, Dan Price, announced the company's minimum wage would jump to $70,000 dollars a year. The company's CEO slashed his own compensation by more than 90 percent, down from more than $1 million to the same magic $70,000, in order to help pay for the wage increases. More than a year later, Gravity Payments now reports the company's revenue and clientele has grown substantially, despite critics' predictions that the move would cause the company to fail. NewsHour Weekend Special Correspondent John Larson reports.

Previously Aired

Day
Time
Channel
9/25/2016
6 p.m.
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