Costco (COST) will boost its minimum wage by $1 to $16 starting next week, the membership warehouse retailer’s CEO said on Thursday during a Senate panel hearing.
“Two years ago, we moved our starting hourly wage to $15 or more everywhere in the U.S. Effective next week, the starting wage will go to $16,” CEO Craig Jelinek said during his testimony before the U.S. Senate Budget Committee.
The executive noted that while there’s “a lot of external focus” on the minimum wage, he made a case that…
Source link
