The company will increase hourly pay for its top of the scale employees over the next three years, with the pay rising by $1 to $30.20 in the first year and an extra $1 each in the subsequent two years,

Costco Wholesale plans to raise hourly wages for most U.S. store workers to over $30 as part of a phased approach over three years, despite ongoing contract negotiations with the Teamsters union and scrutiny from Republican attorneys general regarding its DEI policies.

Costco (NASDAQ:COST) is hiking its hourly pay for most store employees to $30 an hour, translating into a $1 an hour raise for those at the top of the pay scale, while those at the bottom will see their paycheck increase by $0.