Costco raises its minimum wage in US to $16 an hour

By Nathaniel Meyersohn | CNN Business

Costco will raise its starting rate for hourly store workers in the United States to $16 an hour, putting its starting wage above rivals such as Amazon, Target and Best Buy.

Costco has around 180,000 US employees, and 90% of them work hourly. It will hike its minimum wage to $16 beginning next week, chief executive Craig Jelinek said Thursday at a US Senate Budget Committee hearing on worker pay at large companies.

The move comes as Democrats in Congress seek to rally support for a $15 federal minimum wage. Sen. Bernie Sanders is the driving force behind Congress’ current push to raise

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