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How Costco Pays Its Workers More and Profits More
Costco pays its warehouse workers an average of $31 per hour, nearly double what Sam's Club pays. Lucas and Luna break down the specific operational principles behind Costco's high-wage, high-efficiency model. They examine how the company's inventory velocity, store layout, and employee retention create a flywheel that delivers both industry-low prices and industry-high margins in the same square foot. Using a concrete comparison of labor costs, shrink rates, and turnover statistics, this episode shows exactly why higher pay doesn't mean higher prices — and why most…
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