Article

2021-02-27 Economy

Costco to raise minimum wage to $16 per hour

[Fox Business] Costco will raise its minimum wage to $16 an hour starting next week, CEO Craig Jelinek said during a Senate Budget Committee hearing on Thursday.

The $16 an hour boost puts its starting wages above Target's and Amazon's. Target implemented a $15 per hour minimum wage in July, while Amazon raised its minimum wage to $15 in 2018. Walmart's starting wage is $11 per hour.

Sen. Bernie Sanders, I-Vt., chaired the Senate Budget Committee hearing, titled "Should Taxpayers Subsidize Poverty Wages at Large Profitable Corporations?" He said he invited Walmart CEO Doug McMillon to ~~be humiliated~~ testify but he declined.

"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 ~~in China~~?" Sanders said, adding praise for Target and Costco for raising their starting wages. "If Walmart thinks they're going to avoid answering that question because they didn't show up today, they're deeply mistaken."
How about we let the market decide, Bernie? Why should Walmart answer to you?

Posted by Bobby 2021-02-27 08:07|| || Front Page|| [13 views ] Top

#1 And if you believe they are not going to pass that cost of doing business on to their shoppers, I got a nice abandoned gold mine you might want to invest in too.

Posted by M. Murcek 2021-02-27 08:37|| 2021-02-27 08:37|| Front Page Top

#2 Costco will just cut positions. The virtue signaling is just a smoke screen.

Economics in One Lession by Henry Hazlitt

Posted by Clem 2021-02-27 09:11|| 2021-02-27 09:11|| Front Page Top

#3 How many "unpaid volunteers" (Zero $/hr) does Bernie employ?

Posted by magpie 2021-02-27 09:13|| 2021-02-27 09:13|| Front Page Top

#4 Bernie has three mansions now, I think. Socialism sure pays.

Posted by Clem 2021-02-27 09:14|| 2021-02-27 09:14|| Front Page Top

#5 They are trying to pressure Walmart. Not going to work. Then they start loosing their arse.

Posted by Blackbeard Barnsmell6454 2021-02-27 09:20|| 2021-02-27 09:20|| Front Page Top

#6 When can wen see a maximum wage?

Posted by irish rage boy 2021-02-27 09:40|| 2021-02-27 09:40|| Front Page Top

#7 /\ You'll have to ask St. Fauxi about that.

Posted by Clem 2021-02-27 09:42|| 2021-02-27 09:42|| Front Page Top

#8 Good for them. Now it doesn't have to be law and we get to see the effects.

Bernie, you bum. You stinking bum.

Posted by swksvolFF 2021-02-27 10:01|| 2021-02-27 10:01|| Front Page Top

#9 That's why all the people giving out samples are employees of a third party.

Posted by Angstrom 2021-02-27 10:59|| 2021-02-27 10:59|| Front Page Top

#10 Got to spark inflation somehow

Posted by Skunky Phinemp1649 2021-02-27 13:08|| 2021-02-27 13:08|| Front Page Top

#11 #10, Yes, already here. Nearly daily price increases on everything and stock outs. When Carter was in office I would give a quote that was only good for 24 hours.

Posted by Dale 2021-02-27 22:56|| 2021-02-27 22:56|| Front Page Top

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