Fog

45°F

Shelton, WA

Fog
Humidity: 97%
  • Local Man Accused Of Diverting Mason County River

    riverbedThe state attorney general's office has accused a 55-year-old Mason County man of using an excavator to fill and divert the Tahuya River without a permit. William Cayo Sr. was charged in Mason County District Court on Thursday with three misdemeanor… Read More +

  • 1
  • Inslee Looks To Election For Climate Allies

    oilrefineryWashington Gov. Jay Inslee is likely in 2015 to roll out ambitious proposals to reduce carbon pollution such as a bill to cap greenhouse gases, but unless Democrats can make gains in the state Senate on Tuesday, he'll face a tougher… Read More +

  • 1
  • Seattle Picks Up 2015 Option On Iwakuma

    Iwakumajune10The Seattle Mariners will have right-hander Hisashi Iwakuma under contract for the 2015 season. The Mariners announced Thursday that Iwakuma's $7 million option was vested based on his on-field performance. Iwakuma missed the first month of the 2014 season but went 15-9 with a 3.52 ERA in 28 starts. In 91 career games with Seattle, Iwakuma is 38-20 with a 3.07 ERA.

    Read More
  • 1

Why $20.89 Explains Obama’s Love for Costco

b_250_0_16777215_00_images_obgrabber_2014-01_91ec865748.jpgJEWEL SAMAD/AFP/Getty Images (LANHAM, Md.) -- President Obama’s love for Costco runs deep. If he had his way, he probably might have grabbed a box of 500 golf balls, an 80-inch TV, and a $4.99 bag of organic tortillas chips for his Super Bowl party during a stop in the Lanham, Md., store Wednesday. But Obama didn’t really come for the goodies. He came for this reason: $20.89. That’s how much Costco says the average worker in its stores makes per hour, before overtime and benefits.

Full-time, that’s nearly $44,000 a year.

With Obama pushing a post-State of the Union focus on raising the minimum wage to $10.10 an hour, Costco is his poster child.

The company’s employees are happy, Obama says. They make, relatively speaking, a lot of money in the retail sector. And Costco has been wildly profitable despite its generosity to its workers. It is second only to Wal-Mart, as the second largest retailer in the country.

“Profitable companies like Costco view higher wages as a smarter way to boost productivity and reduce turnover,” Obama said. “When I was walking around taking a tour of the produce section, the bakery, you could tell that people feel good about their job, feel good about their company.”

When Costco opened its first store in Washington, D.C., in 2012, none other than Vice President Joe Biden stopped by, flashing his Costco membership card.

Unlike other giant retailers such as Wal-Mart who have tried to shake the bad public perception that they pay employees as little as possible, Costco touts its generosity to its workers and the relative frugality of its executives.

Costco founder and former CEO Jim Sinegal earned a $350,000 salary compared to Wal-Mart’s CEO Michael Duke, whose salary was $1.3 million. The company’s new CEO Craig Jelinek makes more— $650,000, since taking over in 2012.

But it also doesn’t hurt that Costco’s founder is a loud and proud Obama supporter.

Sinegal, who on Wednesday Obama called a “great friend,” was an early endorser of a higher minimum wage last year.  And in 2012, he hosted a fundraiser for Obama’s re-election campaign in his Washington State home and opened his deep pockets for the president’s allies. He also gave $125,000 to pro-Obama outside groups that same year.

And now, with the help of Costco’s example, Obama has an easier time saying that companies can have it all: good profits, good pay for workers and a positive reputation.

“I guarantee you if workers have more money in their pocket, they’ll spend more at Costco,” Obama said.

Copyright 2014 ABC News Radio

  1. Environment
  2. Recreation

Tweets

ESPNFrontRow
ESPNFrontRow - .@ESPNNFL Sunday NFL Countdown examines the mystery of “the @Seahawks gnome” bit.ly/Seahawksgnome pic.twitter.com/gDSqOmtPbU

Retweeted 5 hours ago

wsferries
wsferries - Faunt/Va/SW-12:55pm Faunt. to Vashon delayed. bit.ly/9EfdcV

5 hours ago

710ESPNSeattle
710ESPNSeattle - ICYMI: Podcasts of @MrHyde_24 and @bwalt19 beating @SteveKerr in basketball during @Seahawks Weekly last night: mynw.me/1wNQ2Uj

Retweeted 5 hours ago

pugetpeople
pugetpeople - Can you guess what #PugetSound and the #SalishSea looked like 20,000 years ago? burkemuseum.blogspot.com/2014/10/seattl… @burkemuseum

5 hours ago

Public Notices