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The company said it would increase its starting hourly wages by $1 to $14 or $14.50 an hour. Other hourly workers will receive raises of between 25 cents and 50 cents, Costco said.
Part of the raise stems from last year’s federal tax cut for corporations, Costco acknowledged.
The company recently saw a good quarter financially. Net sales for the quarter that ended May 13 increased 12.1 percent, to $31.6 billion, from $28.2 billion last year.
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Meanwhile, net sales for the first thirty-six weeks of fiscal year 2018 increased 12 percent, to $95 billion, from $84.8 billion last year.
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