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Starbucks, Costco bump up wages amid national labor shortage

·1 min read
Starbucks, Costco bump up wages amid national labor shortage
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Costco Wholesale Corp. (Nasdaq: COST) and Starbucks Corp. (Nasdaq: SBUX) are both raising wages for their hourly employees across the country. On Monday, Costco increased its minimum wage to $17 an hour. "As Starbucks celebrates our 50th anniversary, we are reminded that our heritage is based on the simple concept that our green apron partners are the heartbeat of Starbucks and that success is best when it’s shared,” Starbucks President and CEO Kevin Johnson said in a news release.