Costco reportedly raises minimum wage to $17 an hour

Costco Wholesale Corporation raised its minimum wage to $17 an hour this week, according to reports.

"Effective October 25, 2021, we will adjust the starting hourly wages for new employees in the U.S. to $17.00/hour for Service Assistants, $18.00/hour for Service Clerks and $18.50/hour for Meat Cutters," an Oct. 19 memo provided to TODAY Food read. "Current U.S. employees making less than these rates will be moved up to these rates on their scales, and their goal hours will be reset. Please contact your GM or Payroll Clerk with any questions."

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"These increases are part of Costco’s continuing efforts to ensure our hourly wages remain extremely competitive in the retail industry. We remain proud to be able to pay employees well and provide excellent benefits. As in the past, we will review hourly wage scales in connection with the upcoming Employee Agreement," Costco CEO Craig Jelinek reportedly wrote.

The big-box retailer told Business Insider that the change went into effect on Monday.

Source: Fox Business
Costco reportedly raises minimum wage to $17 an hour | Fox Business

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