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comment by thenewgreen
thenewgreen  ·  1148 days ago  ·  link  ·    ·  parent  ·  post: Quiz: $70,000 minimum wage revisited

Exactly. I've never known anything, much less something of this complexity, to be measured in the business world in just one fiscal quarter.

Watch this for a year, if not several years and then we can begin analyzing the results.

Much of the success or failures they'd report right now is likely a result of work that occurred in 2014.




wasoxygen  ·  776 days ago  ·  link  ·  

    Watch this for a year

It's been a year, and the story blossomed into a proper soap opera.

Esquire published a profile on Dan Price, portraying him as a greedy, pushy, obsessed publicity hound, given to exaggeration and self-promotion. In other words, a born CEO.

I don't think it's reasonable to conclude anything from the wage experiment, given the lawsuit, the circus of publicity surrounding the salary program, the allegations of spousal abuse, and the book deals. I don't know of any other CEOs that have followed Price's example, but if they do they can't count on getting presidential candidates to mention them, or media adoration that knows no limits.

wasoxygen  ·  1148 days ago  ·  link  ·  

I trust that if the correct answer is #1, you fellas will urge restraint and say it is far too early to conclude that this is a viable model for other businesses to follow.

And if the correct answer is #6, that employees rioted and murdered the CEO, you will say "let's give it some more time."

It ain't over till it's over, and I agree that the long view gives better evidence. If you are unwilling to speculate on the current status because of the short time frame, would you consider making measurable predictions on a time scale of your choosing?

Our understanding of the world is put to the test with predictions; it is always easy to provide tidy explanations after the fact.

thenewgreen  ·  1148 days ago  ·  link  ·  

I know very little about this company aside from our previous discussion and don't have the time to put together any predictions. -Truly, I don't. But, I will predict that if I were in a sales role and had a guaranteed $70k and couldn't make more or less based on my performance, I would be one shitty salesman.

A business lives and dies with sales. I may have time tonight to do more research, but I am deep in the throws of interviewing for... you guessed it, sales jobs. I have to research Hernia surgical products tonight. -fun.

kleinbl00  ·  1148 days ago  ·  link  ·  

The point being: there is no "correct" answer right now and attempting to divine one is an exercise in sophistry.

onthesly  ·  1148 days ago  ·  link  ·  

There definitely is a correct answer right now to the question posed, which was "Which of the following scenarios best describes Gravity Payments today?"

There's even a correct answer to the question "Which of the following will best describe Gravity Payments a year from now?", although none of us knows what that answer is. Attempting to divine it would be an exercise in analysis of economics and human nature.

kleinbl00  ·  1148 days ago  ·  link  ·  

Not when there are 5 un-descriptive choices.