Here’s one that might be of interest to Eureka voters: Costco has managed to increase profits at the very same time that its top executive is calling for a higher minimum wage, the Huffington Post is reporting.
Paying good money and offering benefits like health insurance can reduce turnover and build strong businesses, CEO Craig Jelinek was quoted saying. There’s more on the Huffington Post website, and we suppose we should send you there, even thought HuffPo itself has repeatedly tangled with writers over the concept of fair pay — or any pay — for their work.
This article appears in Unleashed.
When you already pay $15 or so an hour, raising the minimum wage to $12 doesn’t mean a thing. It doesn’t cost you any more as all the products sold there come from somewhere else, and are not affected by a local wage increase that will affect the bottom line of local companies.
I agree with ‘Well Duh.’ Bravo to Costco for paying its employees well, and giving its employees health insurance (including part-timers)… doing better than Wal-Mart while also compensating its employees a lot more. Every company should be as moral. Thank you “Well Duh’ for supporting humanity.
Gee, what a surprise. Enterprises pay executives very well always justifying it by saying the same thing. Higher pay, and incentives results in better performance and greater value. The people against higher minimum wage are really coming from a antisocial viewpoint. They resent Gubmint setting standards of what to do with their property. They believe in only individual benefits not common benefits.