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.
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