Costco Wholesale hourly pay increase and opposition to DEI programs

SOURCE www.ibtimes.com
Costco Wholesale is increasing hourly pay for most fixed-wage U.S. store workers to over $30 in a phased approach over three years. This decision follows contract talks with the Teamsters union, but faces opposition from Republican attorneys general regarding the company's diversity, equity, and inclusion programs.

Key Points

  • Phased increase in hourly pay over three years
  • Contract talks with Teamsters union for improved pay and perks
  • Opposition to DEI programs from Republican attorneys general

Pros

  • Hourly pay increase for most fixed-wage U.S. store workers
  • Entry-level workers to receive a 50-cent raise
  • Costco's wages and benefits exceed those of other retailers in the industry

Cons

  • Opposition from Republican attorneys general regarding Costco's diversity, equity, and inclusion programs