Costco to increase its minimum wage to $16 next week, CEO says By Aimee Picchi Rep. Andy Levin on COVID relief, minimum wage
Costco CEO Craig Jelinek said that the retailer will boost its minimum wage to $16 an hour starting next week, up from its current baseline pay of $15 an hour. That will hike Costco s lowest pay rate to $1 an hour above that of many competitors, including Amazon.com and Target.
Jelinek announced the pay boost while speaking at a U.S. Senate Budget Committee hearing on worker wages at large companies such as Costco, Walmart and McDonald s. Costco s philosophy is that higher pay reduces employee turnover, increases loyalty and ultimately improves efficiency and the bottom line, Jelinek said. The company has 180,000 workers in the U.S.
Table 301 President Carl Sobocinski discusses proposal to raise federal minimum wage Share Updated: 1:47 PM EST Feb 19, 2021 Share Updated: 1:47 PM EST Feb 19, 2021
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Show Transcript POWER AND ICY ROADS HAVE IMPACTED DELIVERIES. THE DISCUSSION OVER RAISING THE FEDERAL MINIMUM WAGE CONTINUES. A NEW PROPOSAL WOULD RAISE IT TO $15 AN SOME ARE FULLY IN SUPPORT HOUR OTHERS THINK IT MIGHT NOT BE AS GOOD AS IT SOUNDS. WYFF NEWS 4’S KYLIE JONES TELLS US WHAT BUSINESS OWNERS IN GREENVILLE ARE SAYING ABOUT IT. KYLIE: NIGEL, I TALKED TO A RESTAURANT OWNER WHO SAYS MINIMUM WAGE HERE IN SOUTH CAROLINA HAS BEEN TOO LOW FOR A LONG TIME. BUT HE ALSO SAYS THERE’S NO ONE SIZE FITS ALL ANSWER AND DOESN’ THINK THIS PROPOSED HEIGHT IS THE SOLUTION. TABLE 301 PRESIDENT CARL SOBOCINSKI SAYS A MINIMUM WAGE RAISE IN SOUTH CAROLINA IS LONG OVERDU HOWEVER, HE DOESN’T THINK IT SHOULD BE $15 AN HOUR ACROSS THE BOARD. HE SAYS THE COST OF LIVING IS DIFFERE