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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Costco Wholesale Corporation | NASDAQ:COST | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11.56 | 1.58% | 744.00 | 715.00 | 762.23 | 747.49 | 733.01 | 734.28 | 2,323,120 | 05:00:03 |
From May 2019 to May 2024
By Sarah Nassauer
Costco Wholesale Corp. will pay its U.S. workers at least $16 an hour starting next week, the company's chief executive told Congress on Thursday as lawmakers debate raising the federal minimum to $15 an hour.
The warehouse retail chain's minimum U.S. wage has been $15 an hour, matching the starting wage at Amazon.com Inc. Rival Walmart Inc. recently said it would raise wages for some workers but keep its starting wage at $11 an hour. Costco has about 180,000 full-time and part-time U.S. employees.
Capitol Hill waited Thursday for the Senate parliamentarian to weigh in on whether the chamber's rules would permit Democrats to increase the minimum wage to $15 an hour as part of President Biden's $1.9 trillion coronavirus relief package.
Write to Sarah Nassauer at sarah.nassauer@wsj.com
(END) Dow Jones Newswires
February 25, 2021 12:16 ET (17:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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