Here's what the CEO of Gravity Payments (the $70k / year salary place) had to say. Wow.
I grew up listening to Rush Limbaugh 3 hours a day as a home-schooled kid. My parents idolized him.
5 years ago my parents called me: "Rush is about to talk about you!" I was in the news for slashing my CEO pay to raise our min wage to $70k. I excitedly turned on his show.
Rush said: "I hope this company is a case study in MBA programs on how socialism does not work because it's gonna fail." I was devastated. My dad said Rush got it wrong. But it led to a flood of hate-mail against me.
Rush was right: we were a MBA case study. Harvard Business School concluded the $70k min wage was a huge success. Our revenue tripled. Retention & productivity skyrocketed. We were featured as success stories in the BBC & NY Times.
Rush incorrectly said everyone would make $70k when only me & a few new employees do. It's a min wage. It's not socialism; he knew that. He never agreed to have me on to give my side or do an updated story on our success.
His listeners still assume we failed. A top auto-complete search for our company is "out of business." I've had 5 years to tell our story & prove him wrong but most people crushed with misinformation don't have that luxury.
I'm sad he died & my thoughts are with his family. But I'm not sad his show is over. He hurt a lot of people with his words.