Costco raising minimum wage to $14 an hour

[brooklynite]

Source: The Hill

Retail giant Costco said Thursday that it would raise its starting minimum wage to $14 an hour, a $1 increase for entry level positions.

MarketWatch reported that the company will also raise wages for other hourly workers by up to 50 cents.

The changes will take effect on June 11 and are expected to affect 130,000 employees.

Costco finance chief Richard Galanti said that the change is expected to cost between $110 million and $120 million annually, but that due to the new GOP tax law, the company expects a 7 percent drop in its tax rate, according to MarketWatch.

Read more: http://thehill.com/blogs/blog-briefing-room/390210-costco-raising-minimum-wage-to-14-an-hour

[Bengus81]

1. Have one here,wish we had two or three...........

[rurallib]

2. One company that is actually using the GOP tax scam to better their employees

a very exclusive club

[videohead5]

3. Costco

Is run by Democrats.

[ProudMNDemocrat]

5. and that is a good thing......

As Walmart and Sam's are run by the Republican Waltons, who screw their employees and suppliers at every chance they get to increase their bottom line profits.

Costco has a good business model that other companies should follow if they want to see the overall economy improve.

[Le Gaucher]

4. I am a proud member of this responsible corporate citizen.

[dalton99a]

6. Kick

[leftynyc]

7. I love Costco

I've already convinced 4 different families to switch from sams club to costco.

[LittleGirl]

8. I love Costco

Purchased two vehicles through them and just last year, got 400 bucks in points from using my card everywhere.
I love that they pay their employees a living wage. Happy to be one of their customers.

[SnowCritter]

9. We're getting one here!

It will be a welcome addition to the community.

[YOHABLO]

10. That's really great. Costco is doing it right

[appalachiablue]

11. Good for Costco, doing it right. Fmr CEO Jim Sinegal supported

President Obama and spoke at the DNC.

"Jim Sinegal, Former Costco CEO And DNC Speaker, Explains Why Democrats Love Costco," HuffPost, 2012
https://www.huffingtonpost.com/2012/09/06/jim-sinegal-costco-dnc_n_1861203.html