(CNBC)
- Costco is raising its minimum wage to $16 an hour for its U.S. store workers.
- The retailer has over 180,000 employees in the US. and 275,000 employees worldwide.
- Beginning in March of last year, the chain instituted a $2 an hour premium to its employees to help cushion the financial strain that the pandemic brought to many people.
- This comes as Congress debates whether to increase the federal minimum wage to $15 an hour as part of President Joe Biden’s $1.9 trillion Covid-19 relief bill.
