Costco Raises Pay for Top Hourly Workers to Over $30 an Hour
Labor Market Pressures Pushing Big-Box Stores to Boost Wages
U.S. retailers have been boosting pay and benefits for hourly employees in recent years as it’s gotten harder to find workers. (Stephanie Keith/Bloomberg News)
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Costco Wholesale Corp. is raising pay for most of its hourly U.S. workers to more than $30 an hour amid contract talks with unionized employees.
The company will raise hourly pay for employees at the top of its pay scale over the next three years, CEO Ron Vachris wrote in a memo to staff this week that was viewed by Bloomberg News. In March, …
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