Retail News

Costco raises minimum wage to $16 an hour

NPR 02/26/2021

Costco announced that it is upping its minimum wage to $16 an hour beginning next week. “I want to note this isn’t altruism,” said CEO Craig Jelinek. “At Costco we know that paying employees good wages … makes sense for our business and constitutes a significant competitive advantage for us. It helps us in the long run by minimizing turnover and maximizing employee productivity.”

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