Name: Costco to raise hourly pay to $16 as minimum wage fight brews in Congress
Brand: nbcnews.com
SKU: nbcnews-com-461
Availability: OnlineOnly

critic

Costco to raise hourly pay to $16 as minimum wage fight brews in Congress

preview

IE 11 is not supported. For an optimal experience visit our site on another browser.SKIP TO CONTENTBy Costco is raising its starting hourly wage to $16, CEO Craig Jelinek said Thursday."Since Costco's inception, the company has been committed to paying employees very competitive retail wages and providing them broad and affordable health care benefits," Jelinek said during a Senate Budget Committee hearing. "Two years ago we moved our starting hourly wage to $15 everywhere in the U.S. Effective next week, the starting wage will go to $16."Jelinek said more than half of Costco's U.S.-based employees earn hourly wages of more than $25.Costco is the latest in a slew of major retailers that have announced wage hikes in because of state regulation and political pressure, but they have also done so to gain an edge over competitors. Before the coronavirus pandemic throttled the economy, unemployment rates were low — leading retailers to compete for scarce talent in a tight labor market. Over the last few years, Amazon, Walmart and Target have gradually raised their starting wages to $15 an hour while offering workers perks like tuition reimbursement programs.Support is growing in Congress for a federal minimum wage hike. A $15 wage is included in the $1.9 trillion Covid-19 relief bill now on the table, which calls for a multiyear phase-in of the increase by 2025. .The issue has gained popularity in recent months as grocery store workers, restaurant staffers and other front-line employees continue to bear of the pandemic's hardships. Democrats have used the dynamic as leverage to increase hourly compensation, but bipartisan support for the measure has proven to be elusive. Sens. Mitt Romney, R-Utah, and Tom Cotton, R-Ark., Tuesday that would raise hourly wages to just $10 by 2025.Rep. Alexandria Ocasio-Cortez, D-N.Y., a major advocate for the wage hike, denounced the Republican proposal in a tweet.When members of Congress fight to set the minimum wage below a living wage, they are playing a role in creating and preserving poverty in the United States.The $15/hr proposal with multi-year phase in is already a deep compromise.$10 an hour is legislated poverty. — Alexandria Ocasio-Cortez (@AOC) Senate Budget Committee Chair Bernie Sanders, I-Vt., has championed increasing the minimum wage for years."Why should working people be subsidizing some of the wealthiest families and largest corporations in America because of the starvation wages they pay their workers?" he said Thursday.Randi Richardson reports for TODAY Digital and NBC BLK from New York.Leticia Miranda contributed.

IE 11 is not supported. For an optimal experience visit our site on another browser.SKIP TO CONTENTBy Costco is raising its starting hourly wage to $16, CEO Craig Jelinek said Thursday."Since Costco's inception, the company has been committed to paying employees very competitive retail wages and providing them broad and affordable health care benefits," Jelinek said during a Senate Budget Committee hearing. "Two years ago we moved our starting hourly wage to $15 everywhere in the U.S. Effective next week, the starting wage will go to $16."Jelinek said more than half of Costco's U.S.-based...

public

Randi Richardson

Leticia Miranda

News updates from around the 🌎, all day, every day.

nbcnews.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Costco to raise hourly pay to $16 as minimum wage fight brews in Congress

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS