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Right after announcing he was taking a pay cut to raise employees' salaries, business is booming.

Here's a story to show your boss. When it comes to taking care of his employees, Gravity Payments CEO Dan Price is going above and beyond (and business has never been better).

You might have heard a story from a few weeks ago about a CEO named Dan Price and his plan to raise the starting salary for his employees to $70,000 per year.

He told his employees about the change at Gravity Payments, his credit card processing company, during their quarterly staff meeting.


Needless to say, they were pretty excited about the news, giving him a standing ovation.

CBS News interviewed 29-year-old equipment supervisor Jose Garcia about the change. He said that he cried when he told his mom about the raise.

Before the announcement, Garcia's salary was $33,000 per year. The raise was a huge deal to him and others at the company.

Over the next two years, salaries will increase periodically.

Effective immediately, everyone in the company will make at least $50,000 (or, if they already make more than $50,000, they'll get a $5,000-per-year raise). From there, all employees will be bumped to $60,000 next year, and $70,000 the year after.

How is Price doing this? To start, he took a huge pay cut.

He had been making $1 million per year. But now? He'll take home just $70,000 per year.

Price was motivated to change the salary structure after reading a 2010 study that suggested people have the highest emotional well-being at $75,000.

Would raising the salary of someone like Jose Garcia from $33,000 to $70,000 have a tremendous impact on his happiness? Likely! Is it the same for someone already making well over $75,000 per year? According to this study, no.

Business has never been better.

Price tells CNN Money that in the 11 years he's been running Gravity Payments, he's never seen a better week for new business after bringing in dozens of new clients.

"In the short-term, [news reports about the pay] could help demand for our services, but clients won't stay with a company that's not providing a superior value."
— Dan Price

Morale is high, and applications are flying in faster than ever before.

It turns out that offering people a living wage with competitive benefits makes people want to work for you. Who knew?

They've received about 3,500 job applications for the company's two open positions (a sales representative and a support staffer), which is around 10 times as many as they're used to.

He's putting people before profits.

Based on that study, he realized that making less than ideal wages is emotionally taxing on a person. So if he's in a position to help make the world a better place for the people around him, why wouldn't he?

He cut the company's immediate profit projections in half, but he seems pretty happy with how that's working out so far.

After all, there's a reason Price was named 2014's "Entrepreneur of the Year" by Entrepreneur Magazine.

And it probably has to do with making gutsy decisions like this (and possibly looking ridiculously good in a blazer).

Check out the CBS News report about Price:

via FIRST

FIRST students compete in a robotics challenge.

True

Societies all over the world face an ever-growing list of complex issues that require informed solutions. Whether it’s addressing infectious diseases, the effects of climate change, supply chain issues or resource scarcity, the world has an immediate need for problem-solvers with science, technology, engineering and mathematics (STEM) skills.

Here in the United States, we’re experiencing a shortage of much-needed STEM workers, and forward-thinking organizations are stepping up to tap into America’s youth to fill the void. As the leading youth-serving nonprofit advancing STEM education, FIRST is an important player in this arena, and its mission is to inspire young people aged 4 to 18 to become technology leaders and innovators capable of addressing the world’s pressing needs.

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Joy

1991 blooper clip of Robin Williams and Elmo is a wholesome nugget of comedic genius

Robin Williams is still bringing smiles to faces after all these years.

Robin Williams and Elmo (Kevin Clash) bloopers.

The late Robin Williams could make picking out socks funny, so pairing him with the fuzzy red monster Elmo was bound to be pure wholesome gold. Honestly, how the puppeteer, Kevin Clash, didn’t completely break character and bust out laughing is a miracle. In this short outtake clip, you get to see Williams crack a few jokes in his signature style while Elmo tries desperately to keep it together.

Williams has been a household name since what seems like the beginning of time, and before his death in 2014, he would make frequent appearances on "Sesame Street." The late actor played so many roles that if you were ask 10 different people what their favorite was, you’d likely get 10 different answers. But for the kids who spent their childhoods watching PBS, they got to see him being silly with his favorite monsters and a giant yellow canary. At least I think Big Bird is a canary.

When he stopped by "Sesame Street" for the special “Big Bird's Birthday or Let Me Eat Cake” in 1991, he was there to show Elmo all of the wonderful things you could do with a stick. Williams turns the stick into a hockey stick and a baton before losing his composure and walking off camera. The entire time, Elmo looks enthralled … if puppets can look enthralled. He’s definitely paying attention before slumping over at the realization that Williams goofed a line. But the actor comes back to continue the scene before Elmo slinks down inside his box after getting Williams’ name wrong, which causes his human co-star to take his stick and leave.

The little blooper reel is so cute and pure that it makes you feel good for a few minutes. For an additional boost of serotonin, check out this other (perfectly executed) clip about conflict that Williams did with the two-headed monster. He certainly had a way of engaging his audience, so it makes sense that even after all of these years, he's still greatly missed.

Marlon Brando on "The Dick Cavett Show" in 1973.

Marlon Brando made one of the biggest Hollywood comebacks in 1972 after playing the iconic role of Vito Corleone in Francis Ford Coppola’s “The Godfather.” The venerable actor's career had been on a decline for years after a series of flops and increasingly unruly behavior on set.

Brando was a shoo-in for Best Actor at the 1973 Academy Awards, so the actor decided to use the opportunity to make an important point about Native American representation in Hollywood.

Instead of attending the ceremony, he sent Sacheen Littlefeather, a Yaqui and Apache actress and activist, dressed in traditional clothing, to talk about the injustices faced by Native Americans.

She explained that Brando "very regretfully cannot accept this generous award, the reasons for this being … the treatment of American Indians today by the film industry and on television in movie reruns, and also with recent happenings at Wounded Knee."

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Co-sleeping isn't for everyone.

The marital bed is a symbol of the intimacy shared between people who’ve decided to be together 'til death they do part. When couples sleep together it’s an expression of their closeness and how they care for one another when they are most vulnerable.

However, for some couples, the marital bed can be a warzone. Throughout the night couples can endure snoring, sleep apnea, the ongoing battle for sheets or circadian rhythms that never seem to sync. If one person likes to fall asleep with the TV on while the other reads a book, it can be impossible to come to an agreement on a good-night routine.

Last week on TODAY, host Carson Daly reminded viewers that he and his wife Siri, a TODAY Food contributor, had a sleep divorce while she was pregnant with their fourth child.

“I was served my sleep-divorce papers a few years ago,” he explained on TODAY. “It’s the best thing that ever happened to us. We both, admittedly, slept better apart.”

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