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Costco Lifting Minimum Wage To $16 Per Hour, $1 Over Amazon, Walmart, And Target


Costco Lifting Minimum Wage To $16 Per Hour, $1 Over Amazon, Walmart, And Target
By Eric Volkman
02/26/21 AT 1:01 AM
Topping some of its major retail industry rivals, Costco Wholesale (NASDAQ:COST) CEO Craig Jelinek said Thursday that his company is lifting its minimum wage to $16 per hour. The change will take effect next week, and it gets ahead of President Joe Biden's aim to raise the national minimum wage to $15.
With the bump, Costco will also put some distance between it and its competitors. Last week, Walmart raised its average hourly wage to $15. Similarly, Amazon and Target have set a $15-per-hour level.

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Sanders: McDonald's and Walmart workers shouldn't need subsidies to survive

US taxpayers should not be “forced to subsidize some of the largest and most profitable corporations in America”, Bernie Sanders told a Senate hearing on Thursday. As Congress debates the first rise in the minimum wage in over a decade, the Vermont senator said he had “talked to too many workers in this country who, with tears in their eyes, tell me the struggles they have to provide for their kids on starvation wages” even as the chief...

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Costco raising starting wages to $16 amid calls for federal $15 minimum – will competitors follow?


Costco raising starting wages to $16 amid calls for federal $15 minimum – will competitors follow?
Alex Woodward
© Provided by The Independent
Costco, the second-largest global retailer behind Walmart, will raise its hourly base wages for workers to $16, the company’s chief executive Craig Jelinek told members of Congress on Thursday.
The wage hike – which pushes its starting pay above competitors like Amazon, Target and Walmart – comes as lawmakers debate raising the federal minimum wage to $15 an hour from the current $7.25 minimum.
Congressional Republicans have objected to efforts to raise the federal minimum – which is even lower for tipped workers – as part of a $1.9 trillion Covid-19 relief package proposed by the White House and due tor a vote in the House of Representatives on Friday.

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Costco raises its minimum wage to $16 an hour


Costco raises its minimum wage to $16 an hour
By
(0)
Costco CEO Craig Jelinek said Thursday at a Senate budget hearing the minimum wage for its U.S. hourly employees would increase to $16 next week. File Photo by Kevin Dietsch/UPI | License Photo
Feb. 25 (UPI) -- Costco will raise its hourly minimum wage to $16 for U.S. employees amid ongoing debate among lawmakers on raising federal hourly minimum wage to $15.
"Two years ago, we moved our starting hourly wage to $15 everywhere in the U.S. Effective next week, the starting wage will go to $16," Costco CEO Craig Jelinek said during a Senate budget hearing committee Thursday.

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Costco is raising its minimum wage to $16 per hour

Costco is raising its minimum wage to $16 per hour
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Costco minimum wage: Pay increase to $16 an hour starts next week

Costco minimum wage: Pay increase to $16 an hour starts next week
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Sanders: McDonald's and Walmart workers shouldn't need subsidies to survive

Sanders: McDonald's and Walmart workers shouldn't need subsidies to survive
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