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Costco is raising its minimum wage to $16 an hour, leapfrogging competitors including Target and Amazon. The pay hike goes into effect next week.
Costco (COST) will boost its minimum wage by $1 to $16 starting next week, the membership warehouse retailer's CEO said on Thursday during a Senate panel hearing.
Jelinek said the starting wage for Costco employees would rise to $16 next week, up from $15 the company instituted two year ago. Costco to raise starting hourly wage to $16; end hazard pay Skip ...
Costco Wholesale Corporation is an American multinational corporation which operates a chain of ... non-supervisory hourly wages ranged from $17.50 to $28.45 in the ...
James D. Sinegal (born January 1, 1936) is an American billionaire businessman, co-founder and former CEO of the Costco Wholesale Corporation, [1] an international retail chain. He served as Costco's president and CEO from 1983 until 2011.
As of October 2023, France has the highest hourly minimum wage at $13.80 per hour. [1] The United States has a comparatively low minimum wage for hourly workers at $7.25 per hour. Unusually, this rate does not apply to tipped employees, who are only entitled to an hourly wage of $2.13, which contributes to a strong tipping culture in the country.
Costco last raised its minimum wage to $16 in February of this year.
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