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Costco will raise minimum wage as competition for workers grows

from Bloomberg Business

Costco Wholesale Corp. will lift its minimum wage for the first time in nine years, by a $1.50 an hour, as the labor market tightens and competitors start giving workers a raise. The second-largest U.S. retailer will start paying at least $13 to $13.50 an hour, up from $11.50 to $12 an hour, the company said in a recent conference call with analysts. more

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