[12/28/2012] In the extremely low-margin retail industry, we often hear too many stories about how the retailers underpay their employees. Surprisingly, Costco is doing the opposite. In the Huffingtonpost article: it says "Costco provides health benefits to full- and part-time employees, pays relatively high wages and has a partially unionized workforce. The company has remained profitable in spite of these policies, though some analysts have criticized it in the past for prioritizing workers over shareholders." Can we still find some other companies like this? How can we educate our next generation to be more humanitarian and respectful to people who works for us?
(3/12/2013) You don't have to be stingy to employees to achieve revenue and profit targets. Costco's profit soared while they endorse increasing the minimal wage.
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