We’ve always been in favor of improved wages for workers. When you have a strong middle class, they want to buy more stuff at Costco.
Meaning of the quote
This quote suggests that paying workers higher wages is good for businesses like Costco. When middle-class families have more money, they can afford to buy more products and services. This helps companies like Costco make more sales and be more successful.
About James Sinegal
James Sinegal is an American billionaire businessman and co-founder of Costco Wholesale Corporation. As CEO, he was known for his hands-on, humanitarian approach, prioritizing customer and employee satisfaction over shareholder interests. Sinegal is also recognized for his philanthropic efforts.
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It doesn’t do Costco any good if nobody can afford to buy anything.
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One of the strengths of our nation has always been a strong middle class who could afford their own homes and send their children to school.
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We’ve always been in favor of improved wages for workers. When you have a strong middle class, they want to buy more stuff at Costco.
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We would rather have our employees running our business.
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We are a company that promotes 100% within the company.
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We want to turn our inventory faster than our people.
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You destroy the initiative of the working people if they don’t feel they have a fighting chance to be a part of the American Dream.
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When employees are happy, they are your very best ambassadors.
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You don’t have a very motivated working class, it starts to affect the dynamics of the economy. If workers are disenchanted and disenfranchised, productivity losses will go along with that.
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