United States: Costco stores will raise the minimum wage to $ 16 an hour

Budget chain Costco announced on Thursday that it would raise the minimum wage for its U.S. employees to $ 16, amid a debate in Congress over whether to raise the minimum hourly wage in the United States.

Its executive director, Craig Zelinek, said during a hearing in Congress that the hike would take effect from next week, but was dedicated to the lower salaries paid by large groups.

Costco employs 180,000 people in the United States and pays them at least $ 15 an hour for two years.

Zelinek said the two-dollar bonus paid since the outbreak began will be canceled.

But Costco employees in the United States are paid an average of $ 24 an hour, not counting overtime, including bonuses, he said.

Joe Biden’s proposal to double the country’s minimum wage to $ 15 an hour by 2025 has become a thorn in the side of the country’s massive plan to support the economy. President of the United States.

Other large groups, such as the target supermarket chain or e-commerce company Amazon, are already offering $ 15 an hour.

Walmart, the nation’s largest private employer, announced last week that it would “raise the wages” of nearly half a million “leading” employees in the United States by more than $ 15 an hour.

The employers’ organization Business Roundtable said in a letter to lawmakers on Tuesday that any decision on a minimum wage increase “should be carefully weighed in order to reflect regional differences in wage levels and not impede the recovery of small businesses.”

The Costco president said in a speech to a parliamentary committee that it was “not a virtue” to pay employees properly or to provide them with good health insurance.

See also  Nurses are protesting for wages

“It helps us by reducing revenue in the long run and improving employee productivity, engagement and loyalty,” he said.

Leave a Reply

Your email address will not be published.