Gravity Payments company CEO decided to raise everyone in the company to $70,000 a year.
Many of his senior people quit because now a new hire who has been there for a couple of days was making as much as them.
Several customers dropped the company because they were foretelling the inevitable price hikes to pay for salaries.
The CEO is now broke, and is renting out his home for money.
The company Gravity Payments Co. is bound to fail.
All this proves, once again, is that Liberals simply cannot comprehend basic economics. If everyone in a country won the lottery, then no one did. All prices will rise and everyone stays the same, on a relative scale.