Costco, Paying Decent Wages, Rises Faster Than Walmart
Is it true? Wal-mart claims to have set record sales each year on Black Friday. And Wal-mart is the top retailer. But while Costco is only the 8th largest retailer, its annual sales growth is more than 3 times that of Wal-Mart. Granted, when you are already at the top, it is harder to increase sales by a significant percentage, but check the numbers over the past three years:
2011 https://nrf.com/resources/top-retailers-list/top-100-retailers-2011
2012 https://nrf.com/resources/top-retailers-list//top-100-retailers-2012
2013 https://nrf.com/resources/top-retailers-list/top-100-retailers-2013
And note that Costco rose another notch in each of those years. When you hear a politician argue that raising the minimum wage is bad for business,
ask them to explain this phenomenon.
