In a critical development, Costco has successfully negotiated a tentative agreement with the Teamsters Union, averting a potential strike that could have affected operations across six states. The agreement includes significant wage increases for workers, with hourly pay set to reach over $30 for most U.S. store employees and nearly $32 for clerks. This move follows pressure from unionized workers and comes amid a backdrop of contract negotiations and a looming strike deadline. The raise in wages for both union and non-union employees reflects Costco’s commitment to addressing worker compensation while navigating ongoing discussions around diversity, equity, and inclusion initiatives.