Friday, June 1, 2018

Winning: Costco Raises Minimum Wage, Thanks to Trump Tax Cuts

 A Costco customer pushes her shopping cart by a display of televisions at a Costco warehouse store July 13, 2007 in Richmond, California. Costco Wholesale Corporation reported a six percent jump for June same store sales fueled by a spike in sales of televisions, jewelry, computers and groceries. (Photo by …

Costco announced on Thursday it will raise its minimum wage for hourly workers, thanks to President Donald J. Trump’s tax cut legislation.

Starting on June 11, Costco will raise its minimum wages for hourly workers to $14 an hour.
Costco chief financial officer Richard Galanti credited the tax windfall created by Trump’s Tax Cuts and Jobs Act, which lowered the corporate tax rate from 35 to 28 percent.

Galanti said that many companies have “a desire to use some of this (tax windfall) to help employees, to share that wealth if you will, to drive their business.”

More @ Breitbart


  1. Actually, it's probably because the WA minimum rate is rapidly approaching $13, so they need to stay ahead of the curve.
    We used to pay 14-15 when it was 10-11. Now 17-18. But that's the end, because robots are cheaper.