Daily Finance: Why Well-Paid Employees Are Good for Business
By Matt Brownell
Daily Finance, April 9, 2013
It's no secret that the retail sector depends on minimum-wage labor - when President Obama proposed raising the federal minimum wage in his State of the Union address, the National Retail Federation was one of the first groups to express its opposition.
But as we noted at the time, not every retailer supports paying its employees the legal minimum. Last month Costco came out in favor of a higher minimum wage, noting that it pays its employees at least $11.50 an hour. And Costco (COST) isn't alone...