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| Topic | Costco increasing their minimum wage to $14/hr due to Trump tax bill. |
| Capn Circus 06/01/18 8:16:34 PM #1: | "Retail giant Costco said Thursday that it would raise its starting minimum wage to $14 an hour, a $1 increase for entry level positions. MarketWatch reported that the company will also raise wages for other hourly workers by up to 50 cents. The changes will take effect on June 11 and are expected to affect 130,000 employees. Costco finance chief Richard Galanti said the change is expected to cost between $110 million and $120 million annually, but that due to the new GOP tax law, the company expects a 7 percent drop in its tax rate, according to MarketWatch." And their workers are also paying less taxes. Twice the win. http://thehill.com/blogs/blog-briefing-room/390210-costco-raising-minimum-wage-to-14-an-hour --- "I think that man will be president right about the time when spaceships come down filled with dinosaurs in red capes" - Tom Hanks ... Copied to Clipboard! |
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