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Are you kidding me. Why make it political. Costco sells by bulk and is very cheap. We shop there once a month for all our paper products, detergent, meats among other things. Kirkland trash bags are just as good if not better than Glad and they sell a box of 200 for about $15. Forget party affiliation, who wouldn't want to shop there. Whole Foods is too expensive. So if you think only liberals like Costco than I guess conservatives don't mind paying higher prices for buying less. And no Costco pays a lot more than Walmart.
Nordstom's pays more than Walmart too, but neither Nordstom's nor Costco compete with Walmart.
Costco is extremely generous with their employees and their healthcare is one of the best. I think the reason they do this is that the co founder and president's salary is under $500,000. Costco is huge and their employees are well taken care of. And their prices are extremely low. I don't think Walmart can compare with that.
You're not looking at total compensation. If you were aware of what it is then I think you'd post it otherwise it's just a herring.
The Costco CEO is in charge of let's see, Costco. The Wal-Mart CEO is in charge of an empire.
Her salary is roughly $300K higher than the Costco CEO yet revenues are much higher than Costco.
If the CEO only made $1 per year salary and $100 million in bonus would employee wages increase further?
The total compensation for the Wal-Mart CEO is roughly 4 or 5 times that of what Costco gets and the revenues are also 4 or 5 times greater.
Both have compensation tied to the performance of the company. I am not taking a stand on the wage issue (as that really has nothing to do with this thread directly) I'm just poking holes in this line of reasoning.
And allow me to go one step further. This is so off base for another reason. As you said he's a co-founder. Do you know who else was a co-founder? Bill Gates. Bill was paid relatively low salary too yet somehow was one of the richest men in the world. How in the world does someone earn less than millions and be worth more than billions?
Same way the Costco CEO does it. He's worth $2 billion dollars.
Now there is a problem with this thread. Neither of us are mentioning names. My info about the co-founder is true but the current CEO is not the co-founder and is not worth $2 billion dollars. Looks like we're both mixing new and old but I have no agenda to do so. There's just no way to hit your claims head on because the premise is wrong.
As of today's closing stock price, in Costco stock alone the current CEO is worth $23,615,949. That is as of 2012 holdings which included a big cash out in 2011 but does not include 2013 compensation.
These numbers are all over the map and time but so are your claims.
Breaking news update to this issue from the Associated Press
Mayor Gray has vetoed the City Council vote ...... the battle begins anew in Washington D.C.
The original vote was 8-5 ..... they will need to swing one of the votes to make it 9-4 to override the VETO.
"The bill is a job-killer, because nearly every large retailer now considering opening a store in the district has indicated they would not come here or expand here if this bill becomes law," Gray said, citing Target, Home Depot, Wegmans and others.
The D.C. Council approved the bill in July on an 8-5 vote, one short of a veto-proof majority. It will consider overriding the veto on Tuesday.
Breaking news update to this issue from the Associated Press
Mayor Gray has vetoed the City Council vote ...... the battle begins anew in Washington D.C.
The original vote was 8-5 ..... they will need to swing one of the votes to make it 9-4 to override the VETO.
22% unemployment in the 8th ward - it's a majority black ward. Walmart has cancelled the store they were going to build there -- which also means the development that the Walmart store was going to be in is also cancelled.
The people in that ward want the store, they want the jobs, the merchandise and groceries they can buy in the Walmart .... those Union protestors don't care about any of that, because they don't live there. They just want to Unionize Walmart and gain DUES .... it's about money and power.
Democrats are notorious job-killers, so this is not a surprise.
You can use that simplistic one-liner but it is more complicated than that. Democrats are for supporting a living wage that tackles income inequality.
It was reported this week that the top 1% have captured 95% of all the income gains in 2012. 60% of that gain was concentrated in the top 0.1% -- the people earning $1.9 million/yr. or more.
The America that I grew up in was a society without the now extremes of wealth or poverty, a society of broadly shared prosperity, partly because strong unions, a high minimum wage, and a progressive tax system helped limit inequality. That's the goal of Democrats -- to return to a time, ushered in by the New Deal, when income inequality declined drastically with working Americans seeing unprecedented gains.
We won't get there by perpetuating subsistence level jobs.
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