Labor Secretary Thomas Perez Says More Employers Need To Follow Costco's Example

[babylonsister]

Dave Jamieson

Labor Secretary Thomas Perez Says More Employers Need To Follow Costco's Example
Dave Jamieson
Posted: 10/29/2013 2:02 pm EDT | Updated: 10/29/2013 2:33 pm EDT


WASHINGTON -- Count Labor Secretary Thomas Perez among the many admirers of Costco.

In a speech in the nation's capital on poverty Tuesday, Perez singled out the big-box retailer as one chain that's managing to pay decent wages in a service industry that employs millions of the working poor.

"There's this notion out there -- and it's a categorically false notion -- that the only business model in the service industry is the minimum-wage business model. I say phooey to that," Perez said at the event, which was hosted by the Center for American Progress Action Fund. "You go to a Costco store and you see people there who've been working there for years and years. They're making $15, $20 an hour, plus health benefits."

Perez went on to praise Costco cofounder Jim Sinegal, saying the former CEO's business philosophy valued workers as much as investors. Sinegal, Perez argued, "debunked" the notion that retail wages need to be rock-bottom in order for companies to turn a profit.

more...

http://www.huffingtonpost.com/2013/10/29/thomas-perez-costco-minimum-wage_n_4174249.html

[sheshe2]

1. Thanks to Labor Secretary Perez.

Also to Jim Sinegal of Costco. I love that he values his workers as much a he values his investors. According to statistics, that seems to be paying off.

I sincerely hope other businesses will follow their example.

Thanks for the OP babylonsister.

[Kingofalldems]

2. You would never hear that out of the Bush Labor Secretary

Elaine Chao I think her name was. She used to trash workers all the time.

[babylonsister]

3. McConnell's wife iirc... nt