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Small firm set to pay all staff US$70,000 a year

Seattle-based Gravity Payments founder's aim is to do something to address issue of inequality

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The idea began percolating, says Dan Price, founder of Gravity Payments, after he read an article on happiness. It showed that, for people who earn less than about US$70,000, extra money makes a big difference in their lives.

New York

THE idea began percolating, says Dan Price, founder of Gravity Payments, after he read an article on happiness. It showed that, for people who earn less than about US$70,000, extra money makes a big difference in their lives.

His idea bubbled into reality on Monday...

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