Remember the Seattle CEO Who Raised All Salaries to $70K, Here's What Happened Next...

Remember the Seattle CEO Who Raised All Salaries to $70K, Here's What Happened Next...:
"Back in April we told you about Dan Price, CEO of Gravity Payments, who said he would pay every single one of his employees $70,000 annually.
Every single one, from the lowest skilled workers on up.
Now, as expected, Price has fallen on hard times financially, even having to rent out his own home.
Employees who work for Gravity are now leaving the company, “spurred in part by their view that it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises.”
This was always going to be the outcome.
If everyone hits the jackpot, does anybody really win the lottery?
From BI:
When Dan Price, founder and CEO of the Seattle-based credit-card-payment processing firm Gravity Payments, announced he was raising the company’s minimum salary to $70,000 a year, he was met with overwhelming enthusiasm.
“Everyone start[ed] screaming and cheering and just going crazy,” Price told Business Insider shortly after he broke the news in April.
But in the weeks since then, it’s become clear that not everyone is equally pleased.
Among the critics?
Some of Price’s own employees.
...“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” she told The Times.
A fairer plan, she told the paper, would give newer employees smaller increases, along with the chance to earn a more substantial raise with more experience.
From Fox News:
Dan Price, 31, tells the New York Times that things have gotten so bad he’s been forced to rent out his house."