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"Costco’s average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Sam’s..."

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“Costco’s average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Sam’s Club. And Costco’s health plan makes those at many other retailers look Scroogish. One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco “it’s better to be an employee or a customer than a shareholder.” Mr. Sinegal begs to differ. He rejects Wall Street’s assumption that to succeed in discount retailing, companies must pay poorly and skimp on benefits, or must ratchet up prices to meet Wall Street’s profit demands. Good wages and benefits are why Costco has extremely low rates of turnover and theft by employees, he said. And Costco’s customers, who are more affluent than other warehouse store shoppers, stay loyal because they like that low prices do not come at the workers’ expense. “This is not altruistic,” he said. “This is good business.””

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How Costco Became the Anti-Wal-Mart - New York Times (via alexdarke)

THIS IS NOT ALTRUISTIC. THIS IS GOOD BUSINESS. Holy shit, when the fuck will that sink through every fucking person’s head. You pay a worker a living wage, HOLY SHIT THEY WILL SPEND MONEY ON THINGS AND KEEP THE ECONOMIC WHEEL TURNING. You keep a worker healthy, HOLY SHIT THEY WON’T LOSE PRODUCTIVITY. You treat a worker well, HOLY SHIT THEY FUNCTION BETTER AT THEIR JOB. 

(via feignedwisdom)

It’s true.   There’s a whole book called “Sabotage” about the things employees do when they’re angry with their employer.  I’ve committed acts of sabotage on the job myself.  

Also, a good reminder that Costco is a fantastic company and a business worth supporting.  They’re one of like five huge US brands that doesn’t donate to Republicans.

But yeah — the problem is that the prevailing school of economic thought in the United States doesn’t believe in any of those things you mentioned, Twig.  Our economic system is totally Ferengi in nature.

(via cleoselene)

They also are very environmentally friendly and offer more organic food offerings than most large chain stores outside of Whole Foods. And as someone who used to purchase $700 a week in food from them when I managed a cafe, I can say that their food is on another level of quality and freshness than most national chains. Not to mention their employees are always unfailingly nice. I have never shopped at a better store.

(via ariedana)

Kinda sorta completely related to the idea that Sister Simone Campbell explains that food stamps are a business subsidy.

(via lostgrrrls)


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