Starting in March, workers at the top of the pay scale will receive a $1 per hour raise to $30.20, followed by additional $1 raises each year for two years.
U.S. labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures are gradually diminishing and no longer a key driver of inflation.
A line of shoppers snakes around a Costco store in Novato, California. Costco is set to raise hourly pay for many of its U.S. store workers, but the wage boost isn’t universal.According to Reuters, ...