Costco Raises Minimum Wage To $14 An Hour
June 2, 2018
Costco has announced that it is raising its starting minimum wage to $14 an hour, a $1 increase for entry level positions.
Costo's CFO Richard Galanti said in a call with investors on Thursday that around 130,000 employees will benefit from this wage increase.
In addition, all warehouse employees will receive an increase of between $0.25 to $0.50 an hour, he said.
This will likely increase Costco's ranking as one of the best places to work in the United States. The retail chain landed at #34 in Glassdoor's 2017 list.
"The best part is all the perks — guaranteed hours, benefits, time and a half on Sundays, free turkeys at Thanksgiving, four free memberships, a livable wage," an employee told Business Insider.
The wage increase comes in the wake of the GOP's corporate tax cuts, which has encouraged companies to raise wages and give bonuses to employees.
Other major companies, including Walmart and Starbucks, announced in the past year that they would raise wages after the GOP-backed tax bill passed.
Click Here For The Most Popular On Sunny Skyz
Family Cookout Turns Wholesome When UPS Driver Gets Waved Down
Holly The Dog Celebrates Her Final Day As 'Cuddle Manager' At Children’s Hospital
Texas Roadhouse Employees Go Above And Beyond For Dog’s Last Meal
10 Marriage 'Cheat Codes' That Actually Work, According To Men
This 93 Year-Old Woman Gave Up On Singing — Until A Busker Gave Her The Mic
Caught On Camera: Coyote Drinks Water From A Skylight Window
Teacher Goes Viral For Returning To School In Pajamas At 10 PM
Two Little Boys Surprise Their Uncle With The Sweetest Wedding Gift
High School Students In South Africa Go Viral With Coordinated Performance From The Stands
