Posted on Feb 26, 2021
Costco raising starting wages to $16 amid calls for federal $15 minimum – will competitors...
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Costco, the second-largest global retailer behind Walmart, will raise its hourly base wages for workers to $16, the company’s chief executive Craig Jelinek told members of Congress on Thursday.
The wage hike – which pushes its starting pay above competitors like Amazon, Target and Walmart – comes as lawmakers debate raising the federal minimum wage to $15 an hour from the current $7.25 minimum.
Congressional Republicans have objected to efforts to raise the federal minimum – which is even lower for tipped workers – as part of a $1.9 trillion Covid-19 relief package proposed by the White House and due tor a vote in the House of Representatives on Friday.
Democrats’ proposal would gradually raise the federal minimum by $2.25 every year through 2025. Every year after that, the wage would be indexed to median wage growth.
The wage hike – which pushes its starting pay above competitors like Amazon, Target and Walmart – comes as lawmakers debate raising the federal minimum wage to $15 an hour from the current $7.25 minimum.
Congressional Republicans have objected to efforts to raise the federal minimum – which is even lower for tipped workers – as part of a $1.9 trillion Covid-19 relief package proposed by the White House and due tor a vote in the House of Representatives on Friday.
Democrats’ proposal would gradually raise the federal minimum by $2.25 every year through 2025. Every year after that, the wage would be indexed to median wage growth.
Costco raising starting wages to $16 amid calls for federal $15 minimum – will competitors...
Posted from independent.co.uk
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Posted 4 y ago
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SSG Trevor S.
I'm against it, but I may be able to be persuaded if you can address the following questions with solutions.
What will you do to address middle class purchasing power loss when prices increase? Don't say it doesn't cause price inflation, we lived it here with the hike to $12/hr. Would you require across the board wage increases at a fixed percent for those making under $120,000 a year as a family to address anticipated increased retail costs?
What will you do to address the increased costs on small businesses ?
Would you be OK with classifications of employment ie..."starter job" that is paid at a lower minimum wage aimed at getting youth into the workforce? Maybe a program where the employer pays at $9 minimum wage but must contribute $2 per hour to a VOTECH/Education fund for the employee to help them gain skills to move beyond that starter job?
I'm not against people making more money, I do want known issues addressed before we dive into it. What I would rather see is policies that get inflation under control so minimum wage changes wouldn't be the go to option.
What will you do to address middle class purchasing power loss when prices increase? Don't say it doesn't cause price inflation, we lived it here with the hike to $12/hr. Would you require across the board wage increases at a fixed percent for those making under $120,000 a year as a family to address anticipated increased retail costs?
What will you do to address the increased costs on small businesses ?
Would you be OK with classifications of employment ie..."starter job" that is paid at a lower minimum wage aimed at getting youth into the workforce? Maybe a program where the employer pays at $9 minimum wage but must contribute $2 per hour to a VOTECH/Education fund for the employee to help them gain skills to move beyond that starter job?
I'm not against people making more money, I do want known issues addressed before we dive into it. What I would rather see is policies that get inflation under control so minimum wage changes wouldn't be the go to option.
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