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Costco exec says the company still pays better than any rival following Amazon's move 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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Costco actually is career oriented for their employees. Unlike amazon who’s profit ONLy oriented. Amazon is the new Walmart.

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