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Because their profit margins remained unaffected by the change but their competitors already razor thin margins get significantly reduced.
by forrestthewoods 14y ago
Because their profit margins remained unaffected by the change but their competitors already razor thin margins get significantly reduced.
- praxulus 14y agoI think you missed his/her point. Costco gets to have more motivated and more loyal employees because their pay is significantly higher than minimum wage. If minimum wage goes up, they lose some/all of the benefit unless they further increase wages.