Description

Show Notes

Chris and Stephen give three cheers for Dan Price, who voluntarily cut his own pay and raised the pay of his employees to a minimum of $70K a year. We discuss the nature of money, income inequality, how we can fix problems in non-governmental ways (sometimes, and in some ways), and about the limits of praise. We also inaugurate Mr. Price into the newly-founded Winning Slowly Hall of Fame amidst celebratory explosions. (No, really.)

Before You Go

• SpaceX Rocket’s First Stage Crashes During Landing Attempt | Video by Thomas Friedman

Music

• “Phoenix” by Laura Joy. Used by permission.
• “Winning Slowly Theme” by Chris Krycho. We considered adding an explosion just because of the Before You Go, but alas, time constraints.

Links

• One Company’s New Minimum Wage: $70,000 a year by Patricia Cohen
• High income improves evaluation of life but not emotional well-being by Daniel Kahneman and Angus Deaton. The article that Dan Price read.
• Scripture about Gleaning: Leviticus 19:10
• Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World by Brad Stone. Costco
• Public-benefit corporation Wikipedia page
• Rolling Jubilee
• Fight for $15
• When Helping Hurts: Alleviating the Poverty Without Hurting The Poor…And Ourselves by Steve Corbett & Brian Fikkert

Further Reading

• Praise and Skepticism as One Executive Sets Minimum Wage to $70,000 a year by Patricia Cohen

Previously on the show

• 1.14: Buying Me Off With Warm Fuzzies—we talked about how corporations fund the arts.

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