The top of scale workers will be at $30.20 an hour, while bottom of scale employees will begin at $20 an hour.

According to the memo, Costo will increase hourly pay for its top of the scale employees, or employees in senior positions, over the next three years. The pay will initially increase by $1 to $30.20 in the first year and an extra $1 each in the following two years.

Costco Wholesale Corp. is raising pay for most of its hourly US workers to more than $30 an hour amid contract talks with unionized employees.

Costco Wholesale plans to raise hourly wages for most U.S. store workers to over $30 as part of a phased approach over three years, despite ongoing contract negotiations with the Teamsters union and scrutiny from Republican attorneys general regarding its DEI policies.