Costco says its new wage hike offers hundreds of thousands of workers pay and benefits that "far outpace others in the retail industry."

Wholesale retailer Costco told its employees that it would increase pay for most of its hourly store workers to more than $30.

Retailer Costco Wholesale will increase pay for most of its hourly U.S. store workers to more than $30, according to a memo sent to employees this week.

Well, Reuters is among those reporting that the retail giant plans to increase pay “for most of its hourly U.S. store workers to more than $30.” Costco reportedly plans to bump up most of its employees by at least $1 per hour across the next three years.