Read time: 1 minute

Costco CEO: Raising Minimum Wage Is A Good Thing

I get so tired of the naysayers about the raise in the federal minimum wage causing unemployment, when studies show the opposite is true. So then, it

I get so tired of the naysayers about the raise in the federal minimum wage causing unemployment, when studies show the opposite is true. So then, it is a nice thing to see a CEO backing up that info too.

AFL-CIO:

Opponents of a clean bill to the raise the minimum wage-which is at its lowest buying power in more than 50 years-claim that without a multibillion dollar tax break lifeline, the nation's business community faces economic disaster. We are not the only ones who say that is balderdash.

Jim Sinegal, who founded the discount chain Costco Wholesale Corp., told The Washington Post yesterday that it makes good economic sense to raise the minimum wage.

The more people make, they better lives they're going to have and the better consumers they're going to be. It's going to provide better jobs and better wages.

Sinegal is part of a group of business leaders we told you about last week who say it's time to raise the minimum wage-Business Owners and Executives for a Higher Minimum Wage. Chuck Collins, a senior economist for the Institute for Policy Studies, has more on the business group Tompaine.com.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team