Ahead of the Curve
Costco is one of the top competitive wholesale stores in the world and now with their new plan to raise its minimum wage to $16 per hour it will top stores like Walmart, Amazon, Target, and Best Buy.
The CEO of Costco quoted in his opening, “Although there is a lot of external focus on starting wages and minimums, it’s important to us that Costco employees have an opportunity to make more than just $15 or $16 an hour.”
So, If your the one who wants a better minimum wage pay go apply yourself to Costco. This month new jobs have been opening, total of +10,000 jobs open in February according to Establishment Survey Data
One more quote to throw in for Dough Makers, CEO Craig Jelinek said, “the average hourly wage for Costco employees is well above the company’s minimum, sitting around $24 before bonuses,” and that “wage increases typically occur twice a year for full-time employees and once a year for part-time employees. Jelinek added, “Since Costco’s inception, the company has been committed to paying the employees very competitive retail wages and providing them broad and affordable health care benefits.”
As of right now we were promise of federal minimum wage boost to $15 an hour by 2025, but today Senate has rejected Sanders $15 minimum wage proposal.
Now here’s the competition. The Walmart CEO John Furner stated “On March 13, we’ll be raising pay for our store associates in digital and stocking workgroups. 425,000 store associates in these frontline roles will receive a raise, with starting rates moving to $13 – $19 per hour, based on the store’s location and market.”
Let’s take a look at CEO Dan Price evaluation on Costco and Walmart’s Wages
Min wage— Dan Price (@DanPriceSeattle) February 26, 2021
Employees on food stamps (subsidized by you)
Costco: Virtually none
Walmart: More than any other company
Founder net worth
Costco: not a billionaire
Walmart: over $220 billion; up $30 billion in pandemic