Local CEO on why he is giving all his workers $70K a year and what he hopes to happen next (VIDEO)

SEATTLE -- It's been a month since a local CEO, Dan Price of Gravity Payments, decided to pay all of his employees $70,000 a year. In an interview, Price explains why he did it and what he hopes for the future.

Here is Gravity Payments' Facebook and Twitter handles:

Facebook: www.Facebook.com/GravityPayments

Dan's: @DanPriceSeattle

Gravity's: @GravityPymts