USA Today: Costco to increase its minimum wage to $16 per hour, but CEO says the average pay for hourly workers is $24
Costco is raising its minimum wage to $16 an hour, leapfrogging competitors including Target and Amazon. The pay hike goes into effect next week.
The CEO of Costco made this announcement during a Senate Budget Committee hearing discussing a minimum wage increase.
BUDGET COMMITTEE HEARING: Sen. Bernie Sanders speaks to Cosctco CEO Craig Jelinek about how his company pays its employees a comparatively high wage and provides healthcare benefits. pic.twitter.com/EO6xwOYO4Y
— Forbes (@Forbes) February 25, 2021