11 Reasons To Love Costco That Have Nothing To Do With Shopping
http://www.huffingtonpost.com/2013/11/19/reasons-love-costco_n_4275774.htmlIt's not just the bulk toilet paper and $1.50 hot dog combos. There's more going on here.
1. The company pays a living wage. Costco's CEO and president, Craig Jelinek, has publicly endorsed raising the federal minimum wage to $10.10 an hour, and he takes that to heart. The company's starting pay is $11.50 per hour, and the average employee wage is $21 per hour, not including overtime. Most other big box retailers start their employees at minimum wage.
2. Workers get benefits. About 88 percent of Costco employees have company-sponsored health insurance, according to David Sherwood, Costco's Director of Financial Planning and Investor Relations. "I just think people need to make a living wage with health benefits, Jelinek told Bloomberg. It also puts more money back into the economy and creates a healthier country. Its really that simple.
3. The CEO makes a reasonable salary. Costco's CEO makes far less than most executives, with a total compensation package of about $4.83 million in 2012. In contrast, Walmart CEO Mike Duke made roughly $19.3 million during the same year. Walmart's CEO earns as much as 796 average employees, according to CNN Money, compared to Costco's CEO making 48 times more than the company's median wage...
Gothmog
(145,231 posts)I have a Costco that is on my way home if I take the long way home. It is worth it. They are building a new Costco closer to my house and I can go there on weekends. I am very happy.
BTW, my dogs are addicted to the dog biscuits sold at Costco.
Indykatie
(3,696 posts)I don't need items in bulk but I do use their optical department which is tops for the type of expensive lenses I need and their frames are also very reasonable.
Cha
(297,221 posts)hue
MichaelKelley
(55 posts)I'm sure I don't need to repeat my love of Costco shopping, but here I am again, extolling its qualities. Here are a few more things I've educated about my favorite store recently that make me love it even more.
http://www.examiner.com/article/a-few-more-reasons-to-love-costco
Cal33
(7,018 posts)which is owned by WalMart. I went in once to see what it was like. It looked
okay. That was about 20 years ago.
Jefferson23
(30,099 posts)K&R
RussBLib
(9,008 posts)...and that cannot be found at your regular grocery store.
I love the fact that they pay living wages with good benefits. We have not set foot in a WalMart in many, many years now.
costco. Great deals and much better quality food than Sam's which is right across the street. Still we have cards for bothplaces and they both sell the cheapest gas in town. Plus they slipped up and labelled the Bible as Fiction according to CNN this morning.....oooppppps. Too Funny. Plenty of folks are up in arms over that slip up. Other things more pressing to worry about that if a book is fiction or non-fiction.....like paying for grad school for our eldest son and undergraduate fees for the other boy, not to mention out daughter when she gets out of high school in 2 years.....Costco is a great place, just wish there was one closer to us.