Millionaire Took Pay Cut To Raise Minimum Wage To $70,000 - Did It Work?

Valuetainment

Valuetainment Episodes

Business

4.8 • 1.7K Ratings

🗓️ 9 April 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Patrick Bet-David has a virtual sit-down with American Internet Entrepreneur Dan Price. In this interview they talk about his view on capitalism and why he decided to reduce his wage from $1.1 million to $70,000 in order to pay everyone in his company the same wage. Watch the full video here: https://youtu.be/X7XZlFnqnBU

Transcript

Click on a timestamp to play from that location

0:00.0	I was making a million dollars a year.
0:01.9	We had about a third of the employees at the company
0:04.5	making about $35,000 per year.
0:07.4	In order to raise that third to $70,000,
0:10.9	I had to lower my pay to $70,000.
0:14.1	That story goes viral.
0:15.8	500 million interactions on social media
0:19.1	with NBC's video becoming the most shared in network's history.
0:23.3	The new kind of people that style themselves as capitalists,
0:26.6	they don't believe in competition.
0:28.3	They believe in using their money
0:30.6	and their superior positions of power
0:33.3	to stamp out competition.
0:35.8	Either you're a zero,
0:37.7	which means a non-billionaire.
0:39.9	You don't matter.
0:41.2	Or you're a one,
0:42.4	which means you're a billionaire.
0:43.7	You do matter.
0:44.8	That's not what I took from the book when he said zero to one.
0:47.5	That's an exact quote,
0:48.7	so you're reading skills.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Valuetainment Episodes, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Valuetainment Episodes and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.