March 5 (Bloomberg) — President Barack Obama said the success of companies that are paying lower-level employees more than the federal minimum wage stands as a rebuttal to arguments that raising the U.S. standard would cost jobs.
Obama cited companies such as Costco Wholesale Corp. and Gap Inc. as he pressed lawmakers again to raise the U.S. minimum hourly wage to $10.10 from $7.25. His campaign has hit Republican opposition in Congress, and he's using a monthlong delay of a Senate vote to generate public support.
"It's good for business, it's good for America," Obama said in an address at Central Connecticut State University in New Britain.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
