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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (404040)	8/3/2008 4:48:38 PM
From: i-node	Read Replies (2) of 1573427

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. JF is talking about $18/hour as a basic wage rate, which would put the average far higher. But Walmart returns twice the net income percentage (of sales) as Costco. Probably attributable to Walmart's ability to leverage its IT excellence to enable them to use more employees who are nonskilled and otherwise wouldn't be able to find work at all. Walmart's greater success than Costco's has come from one thing: Being able to use its market power to keep prices down. Now, you may disagree with that strategy, but in America businesses have the right to use their market power in just that way.

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