New York Costco this week raised its starting wage for hourly store workers in the United States for the second time this year as businesses hike pay to draw and retain workers amid a labor shortage.
Costco told employees last week that it would increase its minimum wage from $16 an hour to $17 starting on Monday. Costco has around 180,000 US employees, and 90% of them work hourly. Costco's new starting wage puts the chain— which has among the lowest turnover rates in the retail industry— $2 per hour above Amazon , Target and other top retailers' minimum wage, and $5 an hour above Walmart's .
Cosco reports next week. Everything in the store will go up a dollar.
.h . To be. H
Housing and medical will go up accordingly-
Unfortunately the prices on every item in the store will also increase by $1…
Well done Costco 👍🏽
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