Costco raises minimum wage to $17 an hour
Costco raises minimum wage to $17 an hour
- Oct 28, 2021
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The new pay hike at Costco comes while many retailers, restaurants and other service sector employers raise the pay for their employees, offer signing bonuses and provide benefits to retain employees. Costco raised its minimum to $14 in 2018 and $15 in 2019. In February, the company raised its wages to $16 an hour. Craig Jelinek, Costco CEO said in a memo to the employees, " These increases are part of Costco's continuing efforts to ensure our hourly wages remain extremely competitive in the retail industry."
Source: CNN
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