BFMW In the News

MSN Money: Why Costco supports a minimum wage hike

The big-box warehouse store says better wages lead to better employee retainment, a better business culture and - in the long run - stronger stock prices

By Bruce Kennedy
MSN Money, March 6, 2013

... On Tuesday, Democratic Senators Tom Harkin of Iowa and George Miller of California introduced a measure that would raise the hourly minimum wage from $7.25 to $10.10 -- and add an annual adjustment to keep pace with the cost-of-living index.

CNN News: Costco CEO Backs Minimum Wage Hike

CNN News, March 6, 2013

DON LEMON … The push to raise the minimum wage just got influential support of the CEO of Costco. Craig Jelinek told an advocacy group that better wages make better employees.

Alison Kosik is at the New York Stock Exchange now. So Alison how much could his support influence the new push to raise the minimum wage? 

Business Journals: A restaurant owner in favor of hiking minimum wage? Meet Andy Shallal

By Kent Hoover, Washington Bureau Chief
American Business Journals, March 6, 2013, syndicated

Andy Shallal broke away from the lunchtime crowds at his Busboys and Poets restaurants to go to Capitol Hill and urge Congress to raise the minimum wage.

Why would Shallal, who runs five restaurants in the Washington, D.C., area, want to increase labor costs? Well, for starters, raising the minimum wage to $10.10 an hour wouldn't raise Shallal's labor costs -- he already pays his employees at least $10.25 an hour. A decent wage is part of his business model.

Connecticut Post: Business owners support fair minimum wage act

Jonathan Kantrowitz blog
Connecticut Post, March 6, 2013 

Business owners applauded the introduction of legislation to raise the federal minimum wage for the first time since 2009. U.S. Sen. Tom Harkin (IA) and Rep. George Miller (CA) introduced the Fair Minimum Wage Act of 2013, which would gradually raise the federal minimum wage from its current $7.25 an hour to $10.10, then provide for annual increases linked to the rising cost of living.

Huffington Post: Costco CEO: Raise The Minimum Wage To More Than $10 Per Hour

By Bonnie Kavoussi
Huffington Post, March 6, 2013 

President Barack Obama wants to raise the federal minimum wage to $9 per hour. And the CEO of one of America's largest retailers says such a move would be good for workers and businesses alike. In fact, he says raise it even more.

On Tuesday, Costco CEO and President Craig Jelinek came out in support of the Fair Minimum Wage Act of 2013, which aims to raise the federal minimum wage to $10.10 per hour, then adjust it after that for inflation.

Joined By Business Leaders and Workers, Sen. Harkin, Rep. Miller Unveil Bill to Raise the Minimum Wage to $10.10

WASHINGTON, D.C.—Joined by business leaders and workers, U.S. Sen. Tom Harkin (D-IA) and Rep. George Miller (D-CA) today announced the introduction of legislation, the Fair Minimum Wage Act of 2013, to raise the federal minimum wage. Harkin and Miller’s proposal would raise the minimum wage to $10.10 an hour from its current $7.25—in three steps of 95 cents—then provide for automatic annual increases linked to changes in the cost of living.

Puget Sound Business Journal: Costco back in the forefront of minimum wage debate

Puget Sound Business Journal (WA), March 5, 2013

Costco Wholesale Corp. President and CEO Craig Jelinek is putting his name and company in the forefront of the latest drive to increase the federal minimum wage.

Jelinek was prominently quoted in a press release issued Tuesday by the national advocacy group Business for a Fair Minimum Wage.

The announcement coincided with the introduction of a bill in Congress that would gradually increase the federal minimum wage to $10.10 an hour from $7.25 an hour, with provisions for annual cost-of-living increases. ...

Nation's Restaurant News: Lawmakers introduce bill to raise federal minimum wage

By Paul Frumkin
Nation's Restaurant News, March 5, 2013

Two lawmakers, flanked by a restaurant owner and two quick-service employees, held a press conference Tuesday to jointly introduce a bill seeking to raise the federal minimum wage by nearly 40 percent.

The measure would increase the minimum wage from the current $7.25 per hour to $10.10 by 2016. After that, it would be indexed to inflation, which would provide for automatic adjustments every year, according to Sen. Tom Harkin, D-Iowa, and Rep. George Miller, D-Calif., the lawmakers who introduced the bill. …

YNN Capital Tonight (NY): Business and labor leaders talk minimum wage

YNN Capital Tonight, March 5, 2013

As the Assembly took up a bill to raise the minimum wage to $9 an hour, advocates are working with members of the business community to try to pressure the Senate. Cynthia DiBartolo, the CEO of Tigress Financial Partners and chair of the Greater New York Chamber of Commerce, Darius Ross, the managing partner of D Alexander Ross Real Estate Capital Partners, and Retail, Wholesale, Department Store Union presidnet Stuart Appelbaum discuss the latest on the issue.

Legislative Gazette (NY): Assembly plans to pass minimum wage

By Tanique Williams
Legislative Gazette, March 5, 2013

Assembly Speaker Sheldon Silver, D-Manhattan, and Assemblyman Keith Wright, D-Harlem, joined with Labor Committee Chair Carl E. Heastie, D-Bronx, and members of the Assembly Democrats announced plans Tuesday to pass legislation (A.38a) that would raise the minimum wage to $9 per hours and index it to the rate of inflation. … 

CPA Practice Advisor: Costco and some business groups back Fair Minimum Wage Act

CPA Practice Advisor, March 5, 2013

A collection of business owners applauded today's introduction of legislation to raise the federal minimum wage for the first time since 2009. U.S. Sen. Tom Harkin (D-IA) and Rep. George Miller (D-CA) introduced the Fair Minimum Wage Act of 2013, which would gradually raise the federal minimum wage from its current $7.25 an hour to $10.10, then provide for annual increases linked to the rising cost of living.