Many businesses, both large and small, are now saying that increasing the minimum wage is good for business. They are saying that states that have higher minimum wages than the Federal minimum have had better employment and growth of small businesses.
Some of the executives of publicly traded companies who have signed a statement supporting higher minimum wages include:
Jim Sinegal, CEO, Costco (COST)
Arnold Hiatt, former CEO, Stride Rite (SRR)
Robert Glassman, Chairman, Wainwright Bank & Trust Co. (WAIN)
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