a capitalist fairy tale to counter growing inequality

The CEO of a medium sized credit card processing company, called Gravity Payments, has announced that the minimum salary will be $70,000 a year. He was able to do so by cutting his own compensation and benefits. Though in the spirt of doing good and helping people, it has caused several problems for the company. Many higher waged based employees have found it unfair to reward those who does work as hard or achieve as much as they do. The added attention to the company has overwhelmed them with job applications, thus relocating some employees to the recruitment department. Though the added publicity has helped to bring in new clients, the added costs of attempting to equalize the"middleman" company may end up damaging it more. http://www.bloomberg.com/features/2015-gravity-ceo-dan-price/