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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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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
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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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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
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Costco to raise minimum wage to $16 per hour, above Amazon, Target

Costco to raise minimum wage to $16 per hour, above Amazon, Target
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Costco to raise minimum wage to $16 per hour, above Amazon, Target

Costco to raise minimum wage to $16 per hour, above Amazon, Target
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