11 REASONS TO LOVE COSTCO
SEE, WALMART? YOU DON'T HAVE TO SCREW YOUR WORKERS TO MAKE A PROFIT!
It's not just the bulk toilet paper and $1.50 hot dog combos. There's more going on here.
1. The company pays a living wage. Costco's CEO and president, Craig Jelinek, has publicly endorsed raising the federal minimum wage to $10.10 an hour, and he takes that to heart. The company's starting pay is $11.50 per hour, and the average employee wage is $21 per hour, not including overtime. Most other big box retailers start their employees at minimum wage.
2. Workers get benefits. About 88 percent of Costco employees have company-sponsored health insurance, according to David Sherwood, Costco's Director of Financial Planning and Investor Relations. "I just think people need to make a living wage with health benefits,” Jelinek told Bloomberg. “It also puts more money back into the economy and creates a healthier country. It’s really that simple.”
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