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In reply to the discussion: Can someone answer my question about the minimum-wage hike? [View all]eniwetok
(1,629 posts)112. Yes... how does Costco do it?
You're assuming that if one chain excels in the high wage dept then every business can do it. Not very logical there, Spock.
Costco may be able to pull it off for some very simple reasons that can't be applied to other chains. They cherrypick locations. There's only one store here in western Mass... and the other 6 are out closer to Boston. With fewer stores consumers are willing to travel further while regular retail stores are a dime a dozen. The lots are always full at Costco. So they move enough merchandise at lower margins and do it with way fewer employees than other retail chains that feel compelled to have stores in every town. They also have no ad budget that I know of. I've never seen any flyers or TV ads for Costco. Add to that an ultra low turnover.
Please explain how EVERY retail employer can replicate this formula. It's simply not labor intensive.
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I asked a question. In fact, I almost added at the bottom, "I hope this isn't a dumb question",
scioto99
Apr 2016
#2
So you're saying economists have marginal propensity to consume utterly wrong?
whatthehey
Apr 2016
#28
If you are in a start up small business, barely able to pay the rent and utilities why on earth
Fla Dem
Apr 2016
#14
"So I don't quite get how all businesses can start paying a higher wage to employees, when many
Brickbat
Apr 2016
#15
Cheap labor conservatives always spout their bogus "studies" instead of the DoL or CBO
Warpy
Apr 2016
#43
I did not suggest "that there is NO economic force that EVER can disrupt the economy."
PETRUS
Apr 2016
#88
Oh how cute! ANOTHER new person just learned about the MW and has problems with the poor
Rex
Apr 2016
#42
If you get accepted to a German College, it's free. You don't even have to be German.
hunter
Apr 2016
#76
Public health care and education are essential, but they are forcing privatization..
Baobab
Apr 2016
#98
You are asking the right questions, and that is why Obama, most Democratic Congress members,
pnwmom
Apr 2016
#74