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"Costco, $COST, workers now officially make $31 an hour—and can expect raises for the next two years," per FORTUNE.
CEO Ron Vachris told investors the agreement “reflects our continued commitment to provide industry-leading pay and benefits for our employees.”
Read more: https://t.co/jE2VSpGM8S
Unusual Whales - News · Costco, $COST, workers now officially make $31 an hour—and can expect raises for the next two yearsCostco's new employee agreement went into effect this week, raising its minimum wage to $20 per hour and pushing the average wage to over $31 an hour across the U.S. and Canada.
CEO Ron Vachris emphasized the company's commitment to offering top-tier pay and benefits, calling the agreement a reflection of their dedication to supporting employees.
However, this investment in labor isn't without cost. CFO Gary Millerchip noted that the wage increases will create a mid-single-digit headwind to se