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Costco exec says the company still pays better than any rival following Amazon's decision to raise wages to $15 per hour

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Costco is unconcerned about losing potential employees to Amazon despite the e-commerce giant's higher minimum wage. CFO Richard Galanti said that Costco's average pay still 'dwarfs any other retail or retail-type entity out there' in a call with investors on Thursday.

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Amazon will raise company's minimum wage to $15 for all US employeesJUST IN: Amazon to raise company's minimum wage to $15 for all employees. “We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” Amazon founder and CEO Jeff Bezos says as company announces plans to raise its minimum wage to $15 for all U.S. employees. Great! The kids understand Mo Money!
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