Yes, Forbes, not some liberal media outlet, has this to say about why Costco is doing so much better than Walmart. Costco's sales growth is 8% compared to Wallmart's 1.2%. Why?
"Here’s a crazy thought—might it have something to do with the fact that
Costco pays nearly all of its employees a decent living (well in excess
of the minimum wage) while Wal-Mart continues to pay its workers as if
their employees don’t actually need to eat more than once a week, live
in an enclosed space and, on occasion, take their kids to see a doctor?"
So how does Walmart respond? By cutting its employment roster by another 1.4%. And the service there sucks too. Why? The wages are so low that workers aren't motivated to give a shit about the company. Meanwhile Costco's employees get paid a living wage and their stores are far more efficient with better rated service.
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