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Costco to raise hourly pay for most US store workers to over $30 (www.reuters.com)

submitted 3 weeks ago by [email protected] to c/economics

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Summary

Costco will raise hourly pay for most U.S. store workers, increasing top-tier wages to $30.20 in the first year and adding $1 annually for two more years.

Entry-level workers will see a $0.50 increase to $20 per hour.

The move follows a strike authorization by the Costco Teamsters union, representing 18,000 employees, amid contract negotiations.

CEO Ron Vachris stated the pay hikes keep Costco’s wages ahead of industry standards.

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[–] [email protected] 7 points 3 weeks ago* (last edited 3 weeks ago)

The raise comes from an authorised strike for 18000 employees at Costco who are unionized though?

They have unionized workers, the pay rise comes from said union brokering a new deal that almost led to a strike of 18k employees.