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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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