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People love going to Costco for the generous free samples, super-low prices on pizza slices, and the ability to buy a year's supply of UTZ mix. But now, there's another reason to renew your Costo card: The retail giant has raised its minimum wage to $16 an hour.

Costco has around 180,000 employees in the U.S. and the wage increase will affect about 20% of its hourly employees. Previously, the company raised its minimum wage to $14 in 2018 and $15 in 2019.

The average Costco employee makes around $24 an hour.

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