Washington Post: Scott Nash, Why paying the minimum wage is not an act of charity
Op-Ed By Scott Nash
Washington Post, April 20, 2014
One of the companies I admire most is Costco. ... Back in 2008 when the economy was in a downward spiral, founder and chief executive Jim Sinegal said that instead of looking for ways to cut costs and reduce compensation like most companies were doing, it was especially important to find ways of supporting the staff in this time of hardship. ...
Costco’s average pay rate is $21 per hour, while BJ’s average is $11 and Sam’s Club’s $12. However, Costco is the performance leader in the club...