Rep. Tom Cole (R-Okla.) suggested Friday he would be willing to support an increase in the minimum wage if Democrats offered job creation programs in return, including approval of the Keystone pipeline.

On MSNBC’s “Morning Joe,” Cole said he doesn’t think Oklahoma needs a minimum wage hike, and he doesn’t want to make that decision for other states.

“But would I look at a minimum wage increase if I thought there were other things attached to it that would create jobs like Keystone and additional things? Yeah, I think I would consider that because I think job creation is such an important thing,” Cole said.

“There’s always a potential for compromise,” he added.

The congressman alluded to a Congressional Budget Office report that found a minimum wage hike to $10.10 an hour, proposed by President Obama, would cost about 500,000 jobs.

Republicans, meanwhile, have been urging Obama to approve construction of the northern leg of the Keystone pipeline. The State Department recently announced his decision will be delayed and might not happen until after the midterm elections in November.