Costco Boosts Hourly Pay To Over $30
Retailer Costco Wholesale (COST) is increasing wages for most of its hourly U.S. store workers over the next three years. This decision follows
Costco has emerged as a hero, choosing to keep their DEI efforts alive. Fans rejoiced! But this week, 19 states AGs sent them a letter warning them to stop & reconsider.
Costco workers are preparing to strike as contract negotiations stall. Here’s what it could mean for shoppers, from potential product shortages to supply chain disruptions.
The president’s push against diversity programs has led many big employers to announce rollbacks, but others are defending the initiatives as good for business.
Multiple members of Costco's board of directors have made significant contributions to Democratic candidates or PACs.
"Costco should treat every person equally and based on their merit, rather than based on divisive and discriminatory DEI practices. That reflects President Trump's executive order encouraging 'the Private Sector to End Illegal DEI discrimination and Preferences.'"
Iowa Attorney General Brenna Bird offered a clear message to Costco as the retail giant refuses to cave to pressure from 19 state attorneys general who demand they abandon DEI policies.
DEI policies, companies such as Target and McDonald’s have already pulled away from their previous commitments. Not Costco, which is now in the legal crosshairs.
In less than 48 hours, 18,000 unionized Costco workers across the nation could be going on strike. How could it impact your ability to shop?
Led by Texas Attorney General Ken Paxton and Iowa Attorney General Brenna Bird, the Republican officials instructed Costco to let them know within 30 days whether it would get rid of its DEI policies or explain why not. Costco did not immediately respond to a request for comment.
Costco's efficient business model and high customer loyalty drive consistent shareholder value. Read why holding COST stock is more prudent than buying now.