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) (NOAM GALAI, 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.

About the Author:

Carianne Luter is a social media producer for News4Jax and has worked at Channel 4 since December 2015. She graduated from the University of North Florida with a communication degree.