USA TODAY US Edition

COSTCO TO RAISE MINIMUM WAGE TO $16 AN HOUR

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Costco is raising its minimum wage to $16 an hour, leapfroggi­ng competitor­s including Target and Amazon. Costco CEO Craig Jelinek announced the increase Thursday at a U.S. Senate Budget Committee hearing on worker wages at large companies. Said Jelinek: “Two years ago, we moved our starting hourly wage to $15 everywhere in the U.S. Effective next week, the starting wage will go to $16.” The wholesale chain already is paying many of its 180,000 U.S. workers a much higher rate. Jelinek said the average wage for hourly workers is around $24 per hour.

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