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Craig Jelinek, the company’s chief executive, “knows that Costco is going to do better, all of our businesses do better, when customers have more money to spend,” Mr. President Barack Obama greets the audience at Costco Wholesale in Woodmore Towne Centre in Lanham, Maryland Jan. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Obama calls it his “opportunity agenda,” a handful of measures that could both improve the lot of the middle class and his miserable approval ratings. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. That is a principle everybody understands, everybody believes.”Polls suggest there is a lot of support for the idea of a higher minimum wage – one by the Pew Research Center said 71 per cent of respondents favoured doing so. Unlike Ontario Premier Kathleen Wynne, who announced Thursday that her government will raise the province’s minimum wage to $11 (Canadian) later this year, Mr.


And the Republicans who control the House of Representatives are less than enthusiastic about telling their supporters in the business community how much they must pay their workers.“The Republican Party has read a lot of economic studies that demonstrate that when you raise the minimum wage, you tend to cull minimum-wage-type jobs,” said Bill Frenzel, a guest scholar at the Brookings Institution in Washington and a former Republican congressman from Minnesota.
Frenzel, who put the odds of success at 50 per cent at best.The resistance to a higher minimum wage isn’t the knee-jerk obstructionism that the Republican Party has demonstrated so often in recent years.
The majority leaders in the House are working with their Democratic counterparts in the Senate, if only on a limited basis. They compromised on a budget at the end of last year, and earlier this week the House passed bipartisan farm legislation.On Thursday, Speaker John Boehner and other Republican leaders sent Mr.
Obama a letter listing four areas where they thought common ground could be found, including worker training and federally funded research.
A 2009 study by economists from the Federal Reserve Bank of Chicago showed that households with minimum-wage workers tend to follow a boost in the statutory wage by purchasing cars, for example. Advocates also point to basic fairness: the incomes of the richest have increased significantly, while those of everyone else have barely grown at all.


A higher minimum wage is “definitely not a job creation policy,” said Aparna Mathur, an economist at the American Enterprise Institute.To the extent he can, Mr.
The Costco visit prompted a fresh round of media reports about the battles Wal-Mart Stores Inc. Lundberg said Wal-Mart’s average wage paid to full-time and part-time hourly workers is $11.83 per hour.
He also said Costco is more of a warehousing company than a retail store, and that Wal-Mart’s logistics and warehouse workers are paid comparably.



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