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Panthro

The Anti-Walmart

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I guess you can pay people what they are worth and still make a little coin.

Costco's average pay, for example, is $17 an hour, 42 percent higher than its fiercest rival, Sam's Club. And Costco's health plan makes those at many other retailers look Scroogish. One analyst, Bill Dreher of Deutsche Bank, complained last year that at Costco "it's better to be an employee or a customer than a shareholder."

http://www.nytimes.com/2005/07/17/business/yourmoney/17costco.html?pagewanted=all&_r=1

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Who knew you could pay a living wage and provide benefits in retail?!

When I worked at Sears, we could see our sales/hour and total contribution per hour. It was always significantly less than what we actually earned.

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Despite Costco's impressive record, Mr. Sinegal's salary is just $350,000, although he also received a $200,000 bonus last year. That puts him at less than 10 percent of many other chief executives, though Costco ranks 29th in revenue among all American companies.

oh look a CEO who isn't a total fuging parasite

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Plus their managers can stop alien invasions. fug Wal Mart

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Representative-elect Alan Grayson (D-FL) said Monday that he will put mega-retailer Walmart squarely in his sights during the next Congress for the company’s liberal use of public assistance programs to supplement their workers’ wages.

Speaking to Current TV host Cenk Uygur on Monday’s episode of “The Young Turks,” Grayson called Walmart “the largest recipient of public aid in the country,” saying their low wages force workers to take food stamps, housing assistance and Medicaid just to get by.

“The taxpayer pays for the earned income credit,” he said. “The taxpayer pays for Medicaid. The taxpayer pays for unemployment insurance when they cut hours down. And the taxpayer pays for other forms of public assistance like food stamps. I think the taxpayer is getting fed up of paying these things when, in fact, Walmart could give every employee its got, even the CEO, a 30 percent raise and still be profitable.”

He added that while the health care mandate in the Affordable Care Act will help, “that’s just the start.”

“In state after state after state, Walmart employees represent the largest group of Medicaid recipients, the largest group of food stamp recipients, and taxpayers shouldn’t have to bear that burden,” Grayson said. “It should be Walmart. So, we’re going to take that burden and put it where it belongs: on Walmart.”

via.pngRaw Story (http://s.tt/1uYM2)

http://www.rawstory.com/rs/2012/11/27/grayson-walmart-is-the-largest-recipient-of-public-aid-in-the-country/

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I guess you can pay people what they are worth and still make a little coin.

http://www.nytimes.c...wanted=all&_r=1

Great read on Walmart....

However, I did notice that this is from 2005?

Regardless, still good read.

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