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An exclusive, members only restaurant with a limited menu. Some people pay top dollar for that (lemmy.dbzer0.com)
submitted 11 months ago by to c/memes@lemmy.world
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cross-posted from: https://lemmy.dbzer0.com/post/55612249

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[–] 3 points 11 months ago (1 child)

I read a write up in consumer reports about profit margins for various stores, and Costco had consistently lower profit margins than the competition. They make most of their money on membership fees.

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  • [–] 2 points 11 months ago*

    Well they also pay their employees well, or at least used to. I remember being in the job hunt like almost 2 decades ago and they were paying 2.5x minimum wage for their lowest cashier/cart person positions.

    I just looked it up and they haven't kept up with inflation unfortunately... Although neither has some of the minimum wages.

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