Company that set a minimum wage of $70,000/year facing some unexpected consequences

The left championed Gravity Payments CEO Dan Price as a hero in the war against income inequality, but a few months after setting a minimum wage of $70k his business has encountered some unexpected problems. Well, unexpected if you don’t have any comprehension as to why socialist principles have categorically failed throughout history. It turns out that if you give the least skilled people at your company a huge pay raise, the highly skilled employees who carry the burden of getting the work done won’t be too happy to get nothing.

Start listening at 1 hour 23 minutes into today's podcast:

Below is a rush transcript of this segment, it may contain errors:

STU: Someone else who had a pretty good business was Dan Price. Dan Price is 31 years old. CEO of a company. This is a company that does like internet transactions as far as like, you know, you're paying for things.

JEFFY: Online purchases.

STU: Like a PayPal type of thing. So he decided because he believes in what the left says about income inequality. Decided to change the structure of his company. He's CEO. Making a billion bucks a year. A bunch of people were making way less than that. Is that right? He says no. So he took a giant pay cut and brought himself down to $70,000 a year. He also at the same time decided to pay all of his employees at least $70,000 a year because, you know, income inequality. It's not about the job you're doing or how well you're doing it. Just everything needs to be income no matter what.

JEFFY: Right.

STU: So this was a big story. The New York Times picked it up. It was a -- it was a cause of the left for a couple of weeks. Now, what doesn't happen with those causes of the left is no one ever follows up on them. This time we'll give credit to for doing so. They decided to call up Dan Price a few weeks later and say, hey, Dan, you had that company doing well and you decided to turn it into an example of socialism. How is that going for you? Working out well? Everything going great? Is that what we would expect? Well, he says, I'm working as hard as I ever worked to make it work. I'm renting out my house right now to make ends meet myself. This is with -- he's talking about the difficult struggle. However, the problem is, a lot of the good employees have left.

JEFFY: Yeah, they were kind of pissed, which is what we said.

STU: See, the new employees who were not doing as much work or not as high level in the company are making the same now as the people who have been there for a while and have built the company, which is kind of crazy.

He gives raises to people who have the least skills and are the least equipped to do the job. And the ones who were taking on the most didn't get much of a salary bump. This is from the financial manager. Mazy McCaster. She's 26. She said when she talked to Price about it, he treated her as if she was being selfish and only thinking about herself. That really hurt me, she said. I was talking about not only me, but everyone in my position. Approaching burnout, she quit.

Grant Morgan, 29, also quit saying the new pay scale was disconcerting. Now the people who were just clocking in and out were making the same as me. It shackles high performers to less motivated team members.

Price, now, this is the guy who is the boss, said both of these guys -- and also Rush Limbaugh and other talk show hosts who were critical of this, were not wrong. There's no perfect way to do this and to handle complex work issues that doesn't have any downsides or tradeoffs.

So he's now losing his good employees. He's keeping the old employees at inflated rates, and he's having major problems with his company. And there's a reason for that. Socialism doesn't work. It's not a system that ever worked.

JEFFY: He lost some of his clients as well over this transition. Some employees were wound up that if they were willing to do that, then maybe something else was wrong and they weren't going to get the service that they had been getting in the future.

Now he claims to have gotten new clients because of this. But that has not paid off yet.

STU: No, because those clients are like, you know what, we don't think it's right for us to be paying for these services. They should be free to everyone. We won't send in any payments. But they're new clients.

JEFFY: He's really struggling. And he's struggling with his brother who helped him start the business. Now he's phased out the brother. And the brother is like, I'm worth a little bit more than 70,000-dollar thing. I need a piece of the pie.

STU: Yeah, you'll notice that this doesn't happen in the businesses that liberals usually run. I'll give Dan Price a lot of credit here. You know, he's actually implementing these policies that you normally only see implemented by someone named Jong-il.

JEFFY: He seemed to think -- he didn't do it -- according to the story, when I read the latest catch-up story, he didn't do it, he claimed, because of the il factor. He just, you know, felt like he saw something that somebody was struggling. He heard one of his employees struggling about some sort of school or something. Gosh darn it.

STU: He did address the income inequality part of it though. Look, there's nothing wrong with believing that. This guy actually put it into practice. The left -- for example, Obama complains about women not being paid the same and then doesn't pay women as much as men in his own administration. Hillary Clinton, the same thing in the campaigns. We've see this over and over and over again. And it's really annoying. At least this guy is trying. The best that can happen -- is why we like federalism is that you can do these things. Test them out. We can all watch someone else fail at them. And then we can decide to do the right thing. That's what's good about this country. I'm all for this guy giving this a whirl. There's a lot of companies that try crazy things like that and they usually don't work. Everyone wants to come up with a new way of running the business. Because everyone else is so stupid. And they don't understand. And they're stodgy. And stuck in their old ways. A lot of those old ways work and they do something. That doesn't mean you constantly go on with the exact same process forever.

JEFFY: But we watch other companies grow and succeed and fail. And that's the way we learn. I mean, we learn that children should not put signs in front of their house to sell worms. It's illegal. Don't do it. Don't try to sell your product with a sign, kid.

Shortly after appearing on "The Glenn Beck Radio Program" last Thursday, Los Angeles-based emergency medicine specialist Dr. Simone Gold got a call saying she was fired for speaking out about the efficacy of hydroxychloroquine in a now-banned viral video.

Dr. Gold returned to the radio program Monday to detail exactly what happened, the reason the hospitals gave for her firing, and how they threatened to fire her colleagues as well if she "didn't go quietly."

"Most emergency physicians work at more than one [hospital], as I do, and I've actually been fired from both," she told Glenn. "They told me that I appeared in an embarrassing video, and therefore, I would no longer be welcome to work there ... then they said, if I didn't go quietly and I made a fuss, they would have all the doctors in the group, you know, they'd have to go and they'll get a whole new doctor group."

Dr. Gold said she does not regret speaking out about hydroxychloroquine during the controversial "White Coat Summit" news conference held in Washington, D.C., last week. A video of the news conference quickly went viral on social media before being removed by Facebook, Twitter, YouTube, and others for allegedly making false claims related to COVID-19.

"Bring it on," she said. "I want to continue to live in America. I want my children to continue to live in America. I don't want them to grow up in a place like China. When you get to a point where, not only can I not speak as a scientist, as a doctor, for what I know to be absolutely true, but you then want to cancel me and my colleagues, this is not okay. I would much rather fight than not fight ... and I want everybody to know that there are literally millions and millions of Americans who are on our side. Millions. I believe it's the majority."

Glenn then asked Dr. Gold to weigh in on the Centers for Disease Control and Prevention's new guidelines encouraging schools to reopen in the fall and the left's relentless drive to keep them closed.

"There's no actual scientific debate whatsoever if schools should open. None. There's no scientific debate. There's no serious person who thinks schools shouldn't open. Now, [through] some governors and policy makers, there's pressure being brought to bear on school districts, but there's no actual scientific debate. So it's going to come down to parents pressuring their local school districts to act in a responsible fashion."

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Fox News host Greg Gutfeld joined Glenn on "The Glenn Beck Podcast" this week to talk about his new book, "The Plus: Self-Help for People Who Hate Self-Help."

Greg admits he is probably the last person who should write a self-help book. Nevertheless, he offers his offbeat advice on how to save America during what has become one of the most tumultuous times in history, as well as drinking while tweeting (spoiler: don't do it).

He also shares his "evolution" on President Donald Trump, his prediction for the election, and what it means to be an agnostic-atheist.

In this clip, Greg shares what he calls his "first great epiphany" on how dangerous cancel culture has become.

"I believe that cancel culture is the first successful work-around of the First Amendment," he said. "Because freedom of speech doesn't protect me from my career being ruined, my livelihood being destroyed, or me getting so depressed I commit suicide. Cancel culture is the first successful work-around of freedom of speech. It can oppress your speech with the scepter of destruction. We don't have freedom of speech anymore."

Watch the video clip below or find the full Glenn Beck Podcast with Greg Gutfeld here.

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Dr. Simone Gold joined Glenn Beck on the radio program Thursday to set the record straight about hydroxychloroquine -- what it is, how it works, and the real reason for all the current controversy surrounding a centuries-old medication.

Dr. Gold is a board certified emergency physician. She graduated from Chicago Medical School before attending Stanford University Law School. She completed her residency in emergency medicine at Stony Brook University Hospital in New York, and worked in Washington D.C. for the Surgeon General, as well for the chairman of the Committee on Labor and Human Resources. She works as an emergency physician on the front lines, whether or not there is a pandemic, and her clinical work serves all Americans from urban inner city to suburban and the Native American population. Her legal practice focuses on policy issues relating to law and medicine.

She is also the founder of America's frontline doctors, a group of doctors who have been under attack this week for speaking out about hydroxychloroquine during a news conference held outside the U.S. Supreme Court in Washington D.C.

On the program, Dr. Gold emphasized that the controversy over hydroxychloroquine is a "complete myth."

"Hydroxychloroquine is an analogue or a derivative of quinine, which is found in tree bark. It's the most noncontroversial of medications that there is," she explained.

"It's been around for centuries and it's been FDA-approved in the modern version, called hydroxychloroquine, for 65 years. In all of that time, [doctors] used it for breast-feeding women, pregnant women, elderly, children, and immune compromised. The typical use is for years or even decades because we give it mostly to RA, rheumatoid arthritis patients and lupus patients who need to be on it, essentially, all of their life. So, we have extensive experience with it ... it's one of the most commonly used medications throughout the world."

Dr. Gold told Glenn she was surprised when the media suddenly "vomited all over hydroxychloroquine", but initially chalked it up to the left's predictable hatred for anything President Donald Trump endorses. However, when the media gave the drug Remdesivir glowing reviews, despite disappointing clinical trial results, she decided to do some research.

"[Remdesivir] certainly wasn't a fabulous drug, but the media coverage was all about how fabulous it was. At that moment, I thought that was really weird. Because it's one thing to hate hydroxychloroquine because the president [endorsed] it. But it's another thing to give a free pass to another medicine that doesn't seem that great. I thought that was really weird, so I started looking into it. And let me tell you, what I discovered was absolutely shocking," she said.

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According to the mainstream media's COVID-19 narrative, the president is "ignoring" the crisis.

On tonight's "Glenn TV" special, Glenn Beck exposes the media's last four months of political theater that has helped shape America's confusion and fear over coronavirus. And now, with a new school year looming on the horizon, the ongoing hysteria has enormous ramifications for our children, but the media is working overtime to paint the Trump administration as anti-science Neanderthals who want to send children and teachers off to die by reopening schools.

Glenn fights back with the facts and interviews the medical doctor Big Tech fears the most. Dr. Simone Gold, founder of America's Frontline Doctors, stands up to the media's smear campaign and explains why she could no longer stay silent in her fight against coronavirus fear.

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