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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (404049)8/3/2008 8:17:03 PM
From: tejek  Read Replies (2) of 1573373
 
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.

You amaze me......where did you get your accounting degree? First of all Costco and WMT are not in the same business.......Cost is more food; WMT is more clothes. That means COST deals with a much tougher set of margins. Secondly, COST doesn't nickel and dime its employees like WMT does.....and that's the point that CJ was making........that COST pays its employees a better wage and provides them with more benefits than WMT. By being niggardly with its employees, more wealth accrues to WMT's mgmt and shareholders......you know what I have been saying for years now.....your fav people, the rich, keep getting richer at the expense of the poor. COST to some degree shares its profit with their employees...what you would call communism or socialism. Its an enlighten way to do business and its why COST has much better employees than WMT. In fact, most places in WA state are trying to keep out WMT out..........because its acts like a black hole on the community.
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