Wall Street Journal: Many Businesses Support a Minimum-Wage Increase
By Eric Morath and Heather Haddon
Wall Street Journal, March 1, 2021
A debate to raise the federal minimum wage has tied Congress in knots, but many large employers and business groups wouldn’t mind an increase. ...
Costco Chief Executive Craig Jelinek told Congress at a hearing last week that the retailer was raising starting pay to $16 an hour and that hourly employees are paid an average of $24 an hour. Costco has about 180,000 full-time and part-time U.S. employees.
“This isn’t altruism,” Mr. Jelinek said. “It helps in the long run by minimizing turnover, maximizing...