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That Costco isn't doing this purely out of goodwill needs to be mentioned further. If Costco already starts all employees at $11.50, increasing the minimum wag
by throwaway420 14y ago
That Costco isn't doing this purely out of goodwill needs to be mentioned further.
If Costco already starts all employees at $11.50, increasing the minimum wage to any point less than $11.50 doesn't initially impact their own bottom line, but just serves to increase their competitor's costs.
- addlepate 14y agoSo your charge is that Costco is engaging in the practice of capitalism. In that case, I reckon they are guilty.
- dfxm12 14y agoThe other side is that if people see an increase in their pay, they'll have more money to spend (hopefully at Costco).
- caw 14y agoNot at Costco. The average wage of a person who shops at Costco is 74k. Sams Club perhaps; the customers they attract are at a lower income. http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?pagewanted=all&_r=0 http://www.nytimes.com/2005/07/17/business/yourmoney/17costc...
- OstiaAntica 14y agoCostco is more concentrated in higher wage, higher cost states on the West Coast. They'd love to extend California wage rates to Walmart's red state operations.