Costco to raise hourly pay for most US store workers to over $30

The company will increase hourly pay for its top of the scale employees over the next three years, with the pay rising by $1 to $30.20 in the first year and an extra $1 each in the subsequent two years, according to the memo. The pay hike comes after Costco Teamsters union members said earlier this month that they voted in favor of a nationwide strike as they entered final round of talks to reach a new contract ahead of a Jan. 31 deadline. The union, which represents more than 18,000 workers at Costco, said at the time that 85% of its members voted to authorize a strike.