Headlines

Costco to Raise Minimum Wage

Raising pay for hourly workers

Published

8 years ago

March 7, 2016

Costco Wholesale Corp. (Issaquah, Wash.) is raising the company minimum wage for hourly employees from $11.50-$12 per hour to $13-$13.50 per hour. This is the chain’s first company-wide raise in nine years.

Bloomberg Business reports the move is an attempt to attract more employees as several factors are making competition for retail workers tougher. The article states it's also a response to the falling unemployment rate, moves by 14 states to increase the minimum wage and Walmart’s (Bentonville, Ark.) similar employee raise to $10 per hour.

Costco has not announced how many of the company’s 117,000 employees will be affected.

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