uh... all care if i want and what costco cosco
has
proved republicans wrong
and has also proved wal-mart wrong by paying a living wage
advocating still for the increase of the minimum wage above and beyond the nine
bucks an hour the president obama has proposed
and has actually seen profits go up
now on the one hand we of wal-mart executives caught in any email saying in
case you haven't seen a sales report these days
february month to date sales are a total disaster that was jerry murray
wal-mart's vice president of finance and logistics and he said that on february
twelfth two other executives saying this month is really not going well he said
this is the worst are two a month i have seen in my seven years with the company
well what's going on a cosco
uh... are they having the same issues
costco wholesale zdnet income for the second quarter climbed thirty nine
percent
as it pulled in more money for membership fees sales improved and it
recorded a large tax benefit the c_e_o_ cringe ellen etc
openly supports raising the minimum wage not to the nine dollars president obama
has has proposed
but to eleven fifty an hour
and he sets at cosco
we know that paying employees good wages makes good sense for business we pay a
starting hourly wage of eleven fifty in all states where we do business and were
still able to keep our overhead costs low an important reason for this is
successive cost goes business model
is the attraction and retention of great employees instead of minimizing the
wages we know it's a lot more profitable in the long term to minimize turnover
and maximize productivity
it so widely known thing that acquiring new employees
instead of keeping the ones you have costs way more money
but is this something that will work for any company are only ones like costco
they have this business model
that uh... that works i mean could this work for
a guy running a small of patient shop with a part of a not to compare to the
pastry shop the place to compare to walmart where it says that that they've
both claim to have
bail of mark up
high-volume model
yet for whatever reason cosco was able to pay far better
and has hiram play retention then does wal-mart and they're making way more
money
not in the aggregate but profitability offit west yet i like that but we know
why and did it does work
the funniest thing the lewis's wal-mart is blaming in part the payroll tax which
has the payroll tax holiday which ended
and high gas prices further decline in sales
cost goes customers also have uh... to face those higher gas prices adele so
have the higher payroll taxes yet dare up six percent during the first quarter
great stuff
i don't know what else to say it just seems like this idea that wal-mart has
to do what it's doing is this is not sure well it's not going to change i
mean that the people who run the company are of a certain mentality to people ran
proscar or of a completely different mentality
very much sir
very interesting business model cosco actually aside documentary about them
the other day man
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