Costco to raise minimum wage to $16 per hour

Increase puts Costco’s starting wages above Target, Amazon

NEW YORK, NEW YORK - NOVEMBER 24: People shop for groceries ahead of Thanksgiving at Costco Wholesale in East Harlem on November 24, 2020 in New York City. (Photo by Noam Galai/Getty Images) (2020 Noam Galai)

JACKSONVILLE, Fla. – Costco Wholesale is raising the minimum wage for its hourly staff to $16 from next week, according to reports.

This announcement comes a week after Walmart raised its hourly wage to an average of $15.

RELATED | Walmart raising wages for 425,000 workers

The increase announcement puts its starting wages above Target’s and Amazon’s.

President Joe Biden plans to raise the minimum wage to $15 per hour by 2025.


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