Newsday: Costco backs minimum wage hike in New York
By Ted Phillips
Newsday, May 24, 2012
... “The $8.50 proposal is something that would be very fair for all businesses big and small,” Costco senior vice president and northeastern region general manager Jeff Long said during a conference call. “Since the inception of the company we’ve always believed paying a fair starting wage — to allow our employees to progress through our wage scale — is the best way to grow our business.”
Long said Costco pays higher wages than its competitors which saves the company money because it lets them retain more workers and...