Posted on

Costco to Raise Its Minimum Wage to $16 an Hour: Live Updates



Share

Here’s what you need to know: Senator Bernie Sanders said Walmart’s profits continued to be supported by taxpayers, who are paying for the health care and food expenses of the company’s lowest-paid workers.Credit…Anna Moneymaker for The New York TimesThe chief executive of Costco waded into the political debate over the federal minimum wage, testifying at a Senate hearing on Thursday that the retailer was raising its starting pay to $16 an hour.W. Craig Jelinek, the chief executive, said Costco, which already pays an hourly minimum of $15, had some of the highest employee retention rates of …

Read More