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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.
Costco CEO Craig Jelinek announced during a U.S. Senate Budget Committee meeting today that it will raise its hourly minimum wage to $16 an hour. The rate stands at one dollar higher than the ...
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 ...
“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 ...
Costco is raising its minimum wage to $16 an hour, leapfrogging competitors including Target and Amazon. The pay hike goes into effect next week.
In February 2021, Costco announced that it would be raising the starting rate for its hourly store workers in the United States to $16 an hour. Costco has been actively raising their minimum wage starting with $14 during 2018, and into $15 during 2019.