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Costco Boosts Minimum Wage to $14 an Hour, Citing Tax Cut Savings

m.knox

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Aug 20, 2003
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Ouch, more scraps for Nancy to grouse about.......

https://www.marketwatch.com/story/costco-to-boost-its-minimum-wage-to-14-an-hour-2018-05-31

Costco Wholesale Corp. said Thursday it would raise its minimum wage and boost pay for 130,000 U.S. store staff, intensifying the battle for unskilled workers in a tight U.S. job market.

The retail chain, second only to Walmart Inc. in terms of U.S. sales, said it would increase its starting hourly wages by $1 to $14 or $14.50 an hour. Other hourly workers will receive raises of between 25 cents and 50 cents. The new wages take effect on June 11.

Executives said the company was using some of its savings from last year's U.S. tax overhaul to invest in its workforce. The legislation lowered the corporate tax rate, a boon for companies like Costco with large U.S. operations.
 
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