SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (404024)8/3/2008 4:13:28 PM
From: combjelly  Read Replies (2) of 1573221
 
"You cannot run a business profitably and pay shelf-stockers and cashiers that kind of money."

Costco apparently can. Their people start at $10 an hour with 92% of their health insurance paid by the company. Their average wage is $16 an hour. True, their gross margin is lower than Walmart, but they aren't losing money. On a per store basis, Costco often makes as much money as Walmart, despite the lower margins.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News