Just before Thanksgiving, the leftist think tank Demos issued a report by its own Catherine Ruetschlin advocating a $12 an hour minimum wage (stated as $25,000 per year by her) for those who work full-time in retail.
What's interesting about Ruetschlin's suggestion is that there is a retailer out there which is actually doing that and more -- and it's not Costco, which "pays starting employees at least $10 an hour." To be fair to Costco, rapid wage advancement is apparently quite common there, but that's off-topic. Perhaps surprising to the press, the company involved starts its full-time employees not at $12 an hour, but at $13. Perhaps if it spent less time trying to figure how to discredit this company, the establishment media might instead focus on how this company is able to be profitable under such a wage structure. Before identifying the firm after the jump, we'll first see in an open letter from its CEO why it's not getting favorable press attention (in full; bolds are mine):