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6min chapter
Nike, Walmart, and Costco Defying the Odds, plus Letters from Listeners
After Hours
Cosco
The company has close to 80 million members and operates 800 stores around the world. Almost all of their profit comes from membership fees, which means they have the best incentive to keep prices as low as possible. The average wage is at 23 24 dollars an hour,. Their employee turnover is among the lowest in the business. And if you look at any employee survey, their employees are among the most satisfied in the industry.
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