Costco's Profit Soars To $537 Million Just Days After CEO Endorses Minimum Wage Increase
Less than a week after Costco CEO Craig Jelinek spoke out in favor of raising the minimum wage, the big-box retailer’s earnings showed that paying workers a living wage doesn’t always hurt business.
Costco reported a profit of $537 million last quarter, up from $394 million during the same period last year, according to the Wall Street Journal. The healthy earnings report comes just six days after Jelinik urged lawmakers to raise the minimum wage to $10.10 an hour...
1 comment:
i guess the question is does costco already pay more than $10.10?
if so, it might cost his competitors a few bucks but not cost him a cent.
pretty smart.
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