Costco to Raise Minimum Hourly Wage to $16, as Congress Debates $15
February 25 2021 - 12:31PM
Dow Jones News
By Sarah Nassauer
Costco Wholesale Corp. will pay its U.S. workers at least $16 an
hour starting next week, the company's chief executive told
Congress on Thursday as lawmakers debate raising the federal
minimum to $15 an hour.
The warehouse retail chain's minimum U.S. wage has been $15 an
hour, matching the starting wage at Amazon.com Inc. Rival Walmart
Inc. recently said it would raise wages for some workers but keep
its starting wage at $11 an hour. Costco has about 180,000
full-time and part-time U.S. employees.
Capitol Hill waited Thursday for the Senate parliamentarian to
weigh in on whether the chamber's rules would permit Democrats to
increase the minimum wage to $15 an hour as part of President
Biden's $1.9 trillion coronavirus relief package.
Write to Sarah Nassauer at sarah.nassauer@wsj.com
(END) Dow Jones Newswires
February 25, 2021 12:16 ET (17:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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