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Thread: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by poweRob View Post
    Ever
    been in a Trader Joe's? Small stores PACKED to the brim with employees. They tend to not have an overnight shift and stock during the days so that you always have someone nearby to ask for help rather than running down loads of aisles trying to find someone who may or may not know where something is. Also, you damn near never see an empty unattended cash register.

    Unlike my Albertson's grocery store here where you can't find a soul in the store except the two or three at a cash register and at 5:30pm when the lines back up down the store's aisles due to the after work rush. Then of course you go to the customer service counter for something and no one is ever there and they have to be paged.
    That's very true. I have had employees run me all over the store at Walmart. I guess with an inventory that big, even the employees have a hard time keeping tabs on everything.

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by MaggieD View Post
    Average Assistant Cashier: $11.82/hour

    Average Stocker: $12.59/hour
    Average Cashier: $15.79/hour
    Average Demo Services: $11.82/hour
    Average Food Demo: $11.00/hour
    Average Warehouse Demo: $23.35/hour

    $45,000/year would indicate an average of $21.63 hourly. It's just not there.

    costco Salary | Glassdoor
    I assumed they were also including corporate workers... marketing, finance, HR, etc. it doesn't seem unreasonable then.

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by MaggieD View Post
    So you say.
    Are you a.dedicated Walmart shopper?

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by poweRob View Post
    My stepson has been trying to get on at the Trader Joe's but can't seem to get his foot in the door.

    I like the people that work there. They seem to be very friendly and team oriented.

    Yeah, it is difficult to get hired there as they are particular about who works there.

    We definitely have to be team oriented as there is no way you are able to be good at the job without working together.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by apdst View Post
    Go run your own pharmacy and get back with us.

    Ever hear of, "payroll taxes"?
    Funny Costco does just fine with their pharmacy with paying their techs, pharmacists, and pharmacist cashiers above wages than average. Why don't you get back to us when you run YOUR own pharmacy.

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    My guess is they probably take "total number of employees / total payroll" and come out at $45k. Costco here in Central CA pays $10/12 an hour. Even at the later that would be $25k based on a full time job; and most aren't 40 hours either.


    Quote Originally Posted by MaggieD View Post
    Well, I don't believe it. I don't know how they arrived at "the typical Costco employee makes $45,000 a year," but I don't buy it. I don't care what the survey shows.

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by SheWolf View Post
    I assumed they were also including corporate workers... marketing, finance, HR, etc. it doesn't seem unreasonable then.
    Quote Originally Posted by CalGun View Post
    My guess is they probably take "total number of employees / total payroll" and come out at $45k. Costco here in Central CA pays $10/12 an hour. Even at the later that would be $25k based on a full time job; and most aren't 40 hours either.
    Right. DonSutherland pointed that out earlier in the thread. The problem I have with how it's reported is that they call that $45,000 the earnings of "a typical Costco employee." CalGun, the dollar amount you've stated is much closer to accurate for "the rank and file." (That's per Glass Door.)

    It's a little misleading to use "typical employee." To include CEO's, CFO's, Directors, and upper echelon management and come up with a median or average calling that "typical" is misleading. Still, for comparison purposes between Costco and Sam's Club, it serves its purpose.

    Quote Originally Posted by SheWolf View Post
    Are you a.dedicated Walmart shopper?
    I've been a member of both Costco and Sam's Club. (Sam's Club right now.) I prefer Sam's Club for a very selfish reason. My closest Costco is in Oakbrook Terrace, an upscale community surrounded by upscale communities in suburban Chicago. It's always packed. My closest Sam's Club is in Addison...it doesn't draw the same crowds.

    I don't shop at WalMart.
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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by CalGun View Post
    My
    guess is they probably take "total number of employees / total payroll" and come out at $45k. Costco here in Central CA pays $10/12 an hour. Even at the later that would be $25k based on a full time job; and most aren't 40 hours either.
    what does Walmart pay? Min wage?

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    Quote Originally Posted by SheWolf View Post
    what does Walmart pay? Min wage?
    And that is wrong how? Wal Mart v Coscto is also wildly different in terms of SKU's or number of different items.

    But I will say this, Costco has free shipping and I love their 42lbs of lentils for $74.99. That bucket last a whole year. I think that's how they need to feed the food stampers.

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    Re: Costco's Profit Soars To $459 Million As Low-Wage Competitors Struggle

    I guess it defeats the argument that min wage is just for teens, and not for working people with families. If we get rid if min wage, what would Walmart pay then?


    Quote Originally Posted by CalGun View Post
    And that is wrong how? Wal Mart v Coscto is also wildly different in terms of SKU's or number of different items.

    But I will say this, Costco has free shipping and I love their 42lbs of lentils for $74.99. That bucket last a whole year. I think that's how they need to feed the food stampers.

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