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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (404024)8/3/2008 4:13:28 PM
From: combjelly  Read Replies (2) | Respond to of 1573213
 
"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.


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