Narrator/Host

For our third and final story, Costco just gave its workers an epic pay raise. They are now the highest paying retailer in America. Why does Costco pay double the industry average? Why are they doing it, Jack? It's the price of loyalty. Yetis, Jack and I discovered this story last week, and then a bunch of yetis also DM'd us and told us about it too, and we jumped in T-boy style.

For our third and final story, Costco just gave its workers an epic pay raise. They are now the highest paying retailer in America. Why does Costco pay double the industry average? Why are they doing it, Jack? It's the price of loyalty. Yetis, Jack and I discovered this story last week, and then a bunch of yetis also DM'd us and told us about it too, and we jumped in T-boy style.

For our third and final story, Costco just gave its workers an epic pay raise. They are now the highest paying retailer in America. Why does Costco pay double the industry average? Why are they doing it, Jack? It's the price of loyalty. Yetis, Jack and I discovered this story last week, and then a bunch of yetis also DM'd us and told us about it too, and we jumped in T-boy style.

Most Costco stories we cover are on the consumer side, like the $1.50 hot dog and soda combo or the $5 rotisserie chicken. Or how the Costco magazine has 15 million readers. But yetis, this story is about Costco's workers. Because Jack just spent $300 over the weekend on chicken bakes, and we wanted to show some love.

Most Costco stories we cover are on the consumer side, like the $1.50 hot dog and soda combo or the $5 rotisserie chicken. Or how the Costco magazine has 15 million readers. But yetis, this story is about Costco's workers. Because Jack just spent $300 over the weekend on chicken bakes, and we wanted to show some love.

Most Costco stories we cover are on the consumer side, like the $1.50 hot dog and soda combo or the $5 rotisserie chicken. Or how the Costco magazine has 15 million readers. But yetis, this story is about Costco's workers. Because Jack just spent $300 over the weekend on chicken bakes, and we wanted to show some love.

Last week, the union representing 18,000 Costco workers was threatening to strike. Yeah, Costco's employees almost went on strike. So what did Costco do, Jack? They see your strike threat, union, and they raise you a ridiculous pay increase. Yeah, that's right. Costco raised pay of its employees to 30 bucks an hour for most of their workers. And they decided to zhuzh it up even more. Yeah.

Last week, the union representing 18,000 Costco workers was threatening to strike. Yeah, Costco's employees almost went on strike. So what did Costco do, Jack? They see your strike threat, union, and they raise you a ridiculous pay increase. Yeah, that's right. Costco raised pay of its employees to 30 bucks an hour for most of their workers. And they decided to zhuzh it up even more. Yeah.

Last week, the union representing 18,000 Costco workers was threatening to strike. Yeah, Costco's employees almost went on strike. So what did Costco do, Jack? They see your strike threat, union, and they raise you a ridiculous pay increase. Yeah, that's right. Costco raised pay of its employees to 30 bucks an hour for most of their workers. And they decided to zhuzh it up even more. Yeah.

They added two more dollar an hour pay raises guaranteed over the next two years. That's straight up Kirkland cash. But Nick, Billy Mays must be on staff because there's more. Yeah. They added vacation time for first-year employees and they added an extra week of vacation time if you've been working at Costco for 30 years.

They added two more dollar an hour pay raises guaranteed over the next two years. That's straight up Kirkland cash. But Nick, Billy Mays must be on staff because there's more. Yeah. They added vacation time for first-year employees and they added an extra week of vacation time if you've been working at Costco for 30 years.

They added two more dollar an hour pay raises guaranteed over the next two years. That's straight up Kirkland cash. But Nick, Billy Mays must be on staff because there's more. Yeah. They added vacation time for first-year employees and they added an extra week of vacation time if you've been working at Costco for 30 years.

So if you're in Cabo and you see someone buying drinks for everyone at the resort, probably works at Costco. So Nick and I jumped in T-Boys style because Costco is now the highest paying company in retail by far. By far. Jack, could you put on a blue vest and sprinkle on some context for us, please? The average retail worker in America gets paid $14.12 an hour according to government data.

So if you're in Cabo and you see someone buying drinks for everyone at the resort, probably works at Costco. So Nick and I jumped in T-Boys style because Costco is now the highest paying company in retail by far. By far. Jack, could you put on a blue vest and sprinkle on some context for us, please? The average retail worker in America gets paid $14.12 an hour according to government data.

So if you're in Cabo and you see someone buying drinks for everyone at the resort, probably works at Costco. So Nick and I jumped in T-Boys style because Costco is now the highest paying company in retail by far. By far. Jack, could you put on a blue vest and sprinkle on some context for us, please? The average retail worker in America gets paid $14.12 an hour according to government data.

Now Walmart, the closest peer to Costco, their associates make $17.50 an hour on average. And Amazon's warehouse workers get $22 an hour. So do the simple math here and Costco is paying double the industry average, 70% more than Walmart and $50. more than Amazon. $30 an hour is insanely high wages for the retail industry.

Now Walmart, the closest peer to Costco, their associates make $17.50 an hour on average. And Amazon's warehouse workers get $22 an hour. So do the simple math here and Costco is paying double the industry average, 70% more than Walmart and $50. more than Amazon. $30 an hour is insanely high wages for the retail industry.

Now Walmart, the closest peer to Costco, their associates make $17.50 an hour on average. And Amazon's warehouse workers get $22 an hour. So do the simple math here and Costco is paying double the industry average, 70% more than Walmart and $50. more than Amazon. $30 an hour is insanely high wages for the retail industry.

Okay, Costco, Walmart, Amazon, peers, buddies, pals, top 10 in the Fortune 500, and yet Costco is paying them twice as much, Jack? This would be like if Goldman paid their bankers twice as much as Morgan Stanley and JP Morgan. Oh, totally. I mean, over on Wall Street, people would be freaking out and spanking each other. Basically, Basically, Costco's paying more than Santa pays his elves, Nick.

Okay, Costco, Walmart, Amazon, peers, buddies, pals, top 10 in the Fortune 500, and yet Costco is paying them twice as much, Jack? This would be like if Goldman paid their bankers twice as much as Morgan Stanley and JP Morgan. Oh, totally. I mean, over on Wall Street, people would be freaking out and spanking each other. Basically, Basically, Costco's paying more than Santa pays his elves, Nick.