Costco CEO: Raise The Minimum Wage!

[SHRED]

Costco CEO: Raise The Minimum Wage To More Than $10 Per Hour
The Huffington Post | By Bonnie Kavoussi
Posted: 03/06/2013 11:10 am EST |

President Barack Obama wants to raise the federal minimum wage to $9 per hour. And the CEO of one of America's largest retailers says such a move would be good for workers and businesses alike. In fact, he says raise it even more.

On Tuesday, Costco CEO and President Craig Jelinek came out in support of the Fair Minimum Wage Act of 2013, which aims to raise the federal minimum wage to $10.10 per hour, then adjust it after that for inflation.

"At Costco, we know that paying employees good wages makes good sense for business," Jelinek said in a statement. "We pay a starting hourly wage of $11.50 in all states where we do business, and we are still able to keep our overhead costs low."

"An important reason for the success of Costco’s business model is the attraction and retention of great employees," Jelinek added. "Instead of minimizing wages, we know it's a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty. We support efforts to increase the federal minimum wage."

http://www.huffingtonpost.com/2013/03/06/costco-ceo-minimum-wage-craig-jelinek_n_2818060.html

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Just another reason for me to remain a member.

[Cha]

1. thanks SHRED

[King_Klonopin]

2. There's always one person who is honest and brave enough to speak the truth

even when it goes against his self(ish)-interest. Amen!

Are there any people listening who are in a position of power
(that's you, Congress) who are honest and brave enough to
DO SOMETHING ABOUT IT ??!!

Can the Rebublican'ts talk about anything except "cutting spending?"

[pampango]

3. "At Costco, we know that paying employees good wages makes good sense for business"

Well said, Mr. Jelinek.

[samsingh]

4. one of the reasons i spend $thousands every year at costco !

I don't shop at Walmart for very much

[drynberg]

5. BLESS YOU CRAIG JELINEK, NOW YOU OTHER CEOs

Get with the Program, being fair to workers is actually SMART, yah, in YOUR self-interest, good for PR and oh yeah, it's the right thing to do.

[muntrv]

6. Another reason I'm happy to be a member.