Costco raising min wage to $16 per hr, above Amazon, target.

[powderman]

   
Costco raising min wage to $16 per hr, above Amazon, target.
« on: Today at 11:31:22 AM »

https://www.foxbusiness.com/economy/costco-16-dollar-minimum-wage-amazon-target-bernie-sanders#&_intcmp=hp1r_8,hp1r

Costco to raise minimum wage to $16 per hour, above Amazon, Target
Boost to $16 an hour starting next week puts Costco's starting wages above Target, Amazon

The debate over a $15 minimum wage
Costco will raise its minimum wage to $16 an hour starting next week, CEO Craig Jelinek said during a Senate Budget Committee hearing on Thursday.

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"Since Costco's inception, the company has been committed to paying the employees very competitive retail wages and providing them broad and affordable health care benefits," Jelinek said. "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."

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"It's important to us that Costco employees have opportunities to make more than just $15 or $16 an hour. Costco employees receive regular increases for hours worked," he said.


Shoppers make their way through Costco in Idaho Falls, Idaho during its opening day on Friday, August 14, 2020. (John Roark/The Idaho Post-Register via AP)
The $16 an hour boost puts its starting wages above Target's and Amazon's. Target implemented a $15 per hour minimum wage in July, while Amazon raised its minimum wage to $15 in 2018.


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Sen. Bernie Sanders, I-Vt., chaired the Senate Budget Committee hearing, titled "Should Taxpayers Subsidize Poverty Wages at Large Profitable Corporations?" He said he invited Walmart CEO Doug McMillon to testify but he declined.

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"Why should working people be subsidizing some of the wealthiest families and largest corporations in America because of the starvation wages they pay their workers?" Sanders said, adding praise for Target and Costco for raising their starting wages. "If Walmart thinks they're going to avoid answering that question because they didn't show up today, they're deeply mistaken."

Walmart's starting wage is $11 per hour.

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[oldandslow]

We all know who is going to pay for this or should. It ain't going to be Costco if you are confused about it.

[O-mega]

I am ok with it as it is a corporate decision, and I don't care what it does to their prices as the market will dictate whether that was a good idea or not.  My problem is when the government dictates how much they need to pay their employees, as we all know that all employees don't do $15-16 an hour work. 

[NWBear]

Free enterprise" at its best.