Friday, July 31, 2015

"The idea of the social isn't very interesting. It isn't even very social."

The intellectuals read the papers but they still don't get the point.
Henry Farrell, ex-Catholic, ex-libertarian, still a political scientist.
He looks to his books, not to the world.

Three months ago, Mr. Price, 31, announced he was setting a new minimum salary of $70,000 at his Seattle credit card processing firm, Gravity Payments, and slashing his own million-dollar pay package to do it. He wasn’t thinking about the current political clamor over low wages or the growing gap between rich and poor, he said. He was just thinking of the 120 people who worked for him and, let’s be honest, a bit of free publicity. The idea struck him when a friend shared her worries about paying both her rent and student loans on a $40,000 salary. He realized a lot of his own employees earned that or less.
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