Costco Raises Its Starting Wage to $16/Hour

Author Erica Banas // Rock Music Reporter

February 25th, 2021 3:52 PM

Costco, one of the biggest retailers in the United States, will be raising its starting wage to $16/hour.

Per CNN Business, Costco’s chief executive Craig Jelinek said today (February 25) during a U.S. Senate Budget Committee hearing the warehouse giant will increase its starting wage beginning next week.

Journalist Steven Greenhouse notes Costco’s wage increase puts them above Amazon and Target, whose minimum wage begins at $15/hour, and Walmart, whose minimum wage begins at $11/hour.

Costco’s decision to increase its starting wage comes during a time in the U.S. where the minimum wage is a hot topic of debate within Congress and among citizens at large. Currently, the federal minimum wage is $7.25/hour, and it’s been that amount since 2009.

5 Ways to Prep and Save for Holiday Shopping (Because It’s Never Too Early To Start)

• Come Up With a Savings Plan

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• Coupon/Promo Codes Are Your New BFFs

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  Will most of your shopping be at a handful of stores? There's a good chance there will be a bunch of coupon or promo codes you can use while shopping at a brick and mortar location or online. They're easy to find, too. Follow the store on social media or sign up for their email blasts. Sites like Groupon even have a coupon section where they list active coupon/promo codes.

• Look At Your Current Spending, Start Cutting Random “Extras”

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  Everyone enjoys treating themselves to a fancy coffee or some takeout every now and again, but if you get into the habit of treating yourself too often, you might find yourself strapped for cash when you need it most. Really, this is just a good tip year-round, not just for the holidays.
• Make a List (And Check It Twice!)

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  How many times have you gone grocery shopping without a list and end up leaving with way more than expected, and you still somehow forgot to buy milk? Use the same logic. Make a list before you start your holiday shopping, and stick to it. Sure, all those sales are tempting, but resist! Your wallet will thank you later.

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Author Erica Banas // Rock Music Reporter

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• Human Interest
• Lifestyle
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