Costco raises minimum wage to $16 per hour

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Costco’s Chief Executive Officer Craig Jelinek made the announcement at a U.S. Senate Budget Committee hearing on worker wages at large companies. (https://

The membership-only retailer, which increased its wages to $15 in 2019, has seen sales boom during the COVID-19 pandemic as consumers stocked up their pantries.

Walmart (NYSE:WMT) Inc said earlier this month it would increase its hourly wage to an average of $15.

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