Why raise the minimum wage?

Next Generation America

“We pay a starting hourly wage of $11.50 in all states where we do business, and we are still able to keep our overhead costs low. An important reason for the success of Costco’s business model is the attraction and retention of great employees. Instead of minimizing wages, we know it’s a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty. We support efforts to increase the federal minimum wage.”

Costco CEO Craig Jelinek, March 2013

The ongoing protests to raise the federal minimum wage to $15 an hour have started a lot of discussions among Americans. The so called ‘Fight for $15’ campaign is being financially supported by the Service Employees International Union and has staged protests in about 150 cities nationwide. Although the campaign was started in late 2012, it has just recently been getting media coverage as the…

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