Being in a union pays, as Costco workers proved today.
“Retailer Costco Wholesale (COST.O), opens new tab will increase pay for most of its hourly U.S. store workers to more than $30, according to a memo sent to employees this week.
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.”
For the rest of the story, visit Reuters here.