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Costco CEO: high wages, high volume drive results for Costco shareholders

The source “Costco CEO: High wages, high volume drive results for Costco shareholders” was published on the CNBC website in January 2020, as part of the “Mad Money” show hosted by Jim Cramer.

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Viewpoints in this source
- Higher minimum wages have a positive effect on businesses

Viewpoints in this source

The viewpoint presented in this source shows that higher minimum wages might have a positive effect on businesses.

Higher minimum wages have a positive effect on businesses

When Costco CEO Craig Jalenik is asked about the methods he uses to keep his employees, he explains that one of his strategies is an average wage of almost 29 dollars per hour (00:40-00:43). Jalenik also explains that Costco wants employees to stay for the long haul ...

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