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Originally Posted by iggy_oi
Which companies are Costco paying their employees noticeably more than that you’re aware of?
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Every other big box store in Canada and America? One of Costco's strategies is to pay better wagers and benefits and have a lower turnover rate.
https://www.businessinsider.com/cost...eo-memo-2024-7
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The median Costco employee made $50,202 in wages and benefits last year — a higher sum than for workers at Walmart, who earned $27,136, and Target, who earned $25,993.
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Quote:
Originally Posted by iggy_oi
What is your reasoning for considering what Walmart does as different from what Amazon does?
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Walmart (historically) used a strategy of going into smaller towns/rural areas and setting up shop. They would undercut the local sellers and once all the local shops left and they employed everyone of that skillset/demography effectively had both an employment and supplier of good monopoly.
Often they would then close those stores for being unprofitable, knowing there is another Walmart in the next town often 30 -60 minutes away that people are now forced to drive too, while also firing/laying off all the employees from the closing store. I think this is scummy and wont support them with my $$.
https://financialpost.com/news/retai...ined-our-lives
Amazon does not have a demographic monopoly on providing goods and services. In fact they counter this practice. People don't have to go driving around to get goods - they come to them.
My two issues with Amazon is the amount of packing they use/efficiency of packaging (Although cardboard is effectively in endless supply) and their product IP practices with things like Amazon Basics. The later is an IP laws issue though more so then an Amazon issue. They aren't the only company abusing these laws
Amazon isn't putting the Mom and Pop storefront shops out of business. It's just allowing them to go online which the consumer is demanding in todays world. Its the same reason Walmart and Costco now deliver to your door.