Jacksonville Free Press: Raising Wages Helps Companies, Workers and the Economy

By  Reggie Fullwood 
Jacksonville Free Press, Feb 20, 2018

... We live in the greatest country in the world – a job should be a bridge out of poverty, an opportunity to a make a living from the work or services you provide. But for minimum wage workers, especially those with families, it is not. ...

And for those who think that raising the minimum wage is bad for the economy – that’s nonsense. A number of researchers have found that modestly higher minimum wages can raise incomes for low-wage workers without reducing the number of jobs in the area.

“A minimum wage increase makes straightforward economic sense. It means more money in the hands of people who are going to spend it. Low minimum wages do NOT help small business,” said Lew Prince, Managing Partner, Vintage Vinyl, St. Louis, MO.

He adds, “Small business owners know that keeping workers is easier and cheaper than finding and training new workers. And small business owners know that the longer an employee stays with you — the more they know about your business and your customers, and the higher their productivity.” ...

In fact, Jim Sinegal, the [former] CEO of Costco said, “Paying your employees well is not only the right thing to do but it makes for good business.” By the way, the new Costco opening up on Jacksonville’s Westside on Collins Road is paying a starting salary of $13 an hour.
Case closed.

Signing off from Costco,
Reggie Fullwood

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Copyright 2018 Jacksonville Free Press

 

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