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Costco now pays an average hourly wage of $30 per hour, CEO says

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Summary
Nutrition label

78% Informative

Costco now pays an average hourly wage of $ 30 per hour after its most recent round of raises, CEO Ron Vachris said Thursday .

That puts Costco roughly $5.50 above the retail average in August .

Retail broadly saw the second lowest average wage in the BLS data at $ 24.02 .

CFO Gary Millerchip said wages are a "critical part of delivering a better experience for our members".

VR Score

86

Informative language

93

Neutral language

58

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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