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.

Costco reportedly plans to bump up most of its employees by at least $1 per hour across the next three years. That means its “top of the scale employees” would go to $30,20 per hour in the first year of the new move, per Reuters. Reuters reported that the “bottom of the scale employees” will also be getting a raise and will be making $20 per hour.