Costco raising its minimum wage to at least $14 for all hourly workers

LOS ANGELES (WPVI) -- Costco is bumping up its minimum wage and giving raises to all of its hourly workers.

Costco says it will raise its minimum wage to at least $14 an hour for all 130,000 of its hourly workers.

The new wages start June 11.

The boost nearly doubles the federal minimum wage - currently at $7.25.

Costco's current minimum wage stands at either $13 or $13.50, depending on the state.

MORE: Chick-fil-A owner in California raising pay to $17-$18 per hour

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