CEO Cuts His Pay, Raises All Workers' Pay To $70,000 Per Year Minimum

[Alkene]

39. Price isn't the only Seattle CEO who gets it.

Don't get me wrong, Seattle zillionaires aren't generally much different than anywhere else, but there are a few standouts; author, entrepreneur, and venture capitalist Nick Hanauer comes to mind:

"The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too. In a capitalist system, rising inequality creates a death spiral of falling demand that ultimately takes everyone down."

http://www.bloombergview.com/articles/2013-06-19/the-capitalist-s-case-for-a-15-minimum-wage

"Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution."

http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html#.VS2hiBz3-iw