I read a write up in consumer reports about profit margins for various stores, and Costco had consistently lower profit margins than the competition. They make most of their money on membership fees.
Well they also pay their employees well, or at least used to. I remember being in the job hunt like almost 2 decades ago and they were paying 2.5x minimum wage for their lowest cashier/cart person positions.
I just looked it up and they haven’t kept up with inflation unfortunately… Although neither has some of the minimum wages.
I read a write up in consumer reports about profit margins for various stores, and Costco had consistently lower profit margins than the competition. They make most of their money on membership fees.
Well they also pay their employees well, or at least used to. I remember being in the job hunt like almost 2 decades ago and they were paying 2.5x minimum wage for their lowest cashier/cart person positions.
I just looked it up and they haven’t kept up with inflation unfortunately… Although neither has some of the minimum wages.