This makes me want to buy a Costco membership, just because of this. I don't even really need much bulk stuff.
Time to go check them out again. If I can justify buying any minimal amount of stuff, I'll do it.
Good on Costco.
this post was submitted on 31 Jan 2025
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Costco's good even if you don't need bulk stuff.
- Not all the food is bulk sizes.
- Their appliances have no extra/hidden fees for delivery, setup, and basic parts like the hoses for a washing machine. Some of the appliance stores near me advertise lower prices, but they add so many fees that it ends up more expensive.
- They have a fantastic return policy.
- Costco Travel have some great flight + hotel packages, all with extras of some sort (eg free breakfast, late checkout, waived parking or resort fee, Costco gift card, etc). I've gone on some trips where the flight + hotel package through Costco was cheaper than just booking the hotel by itself (essentially getting a free flight).
- Where I live in California at least, Costco Gas is often at least $0.40/gallon cheaper than nearby gas stations.
This is literally right off the back of Costco making these negotiations as difficult as possible for the union. https://teamster.org/2025/01/costco-walks-away-from-bargaining-table/
On top of that, this new move was so lackluster that a strike could still be on the table. https://www.npr.org/2025/01/31/nx-s1-5280640/costco-pay-raises-teamsters-union-threatens-strike
"Costco is still shorting their workers because nonunion workers lack the retirement security of a defined benefit pension plan and the job protections that come with a union contract," McQuaid said in an email.
Companies are not things to love. The progress we see in this headline was because of the hard work of unions - NOT the goodness in Costco's heartbeat
Workers at the bottom of the scale will get raises of 50 cents to $20, according to the memo. The changes apply to employees at non-union locations.
Huh
Costco has figured out that paying their employees well and treating them well is good for business and have decided that good business is more important that the feeling of satisfaction that most CEOs get from treating their employees like serfs. Their industrial investors have figured out that diverse companies with diverse management perform better than companies run by white, rich men that employ only white men and voted down a christofascist virtue signalling attempt to overturn their DEI programs.
If Costco believed that a move such as the one in the headline was a common sense, good for business strategy, then why did they draw it out over months and months of grueling union negotiations, probably spending untold millions on lawyers?
The union strong armed Costco into making this decision - as they should.
Costco offers some of the best pay and benefits in the industry. Their average employee tenure is over 8 years which is in the top 15% of companies of similar size.
They're not perfect but they are better than most companies.
Costco offers some of the best pay and benefits in the industry.
This is because of their union... Not because of Costco, though.
The union was was certified a couple of years ago and represents just 8% of their US workers?
The union that isn't included in this wage increase?
Does anyone know if there's a monkey paw angle on this, or genuine win for the workers?
A week ago their union announced 80% support amongst their union workers for increased pay and they threatened to strike starting jan 31st if wages weren't increased. I forget exact numbers but last year they still made like 7 billion in income (200billion revenue) so they could afford to give their employees raises.
Don't get me wrong, Costco is cool and nice, but this is why unions are good
Costco has always invested heavily in thier workers. I love the place. Even the people selling the hotdogs are making a livable wage, and you can tell by how everyone in that store is helpful and nice.
Sam's club is the evil twin owned by Walmart. I go waaay out of my way to pass a Sam's club and shop at Costco.
Costco has always invested heavily in thier workers.
Because of the unions, not because of the good will of the corporation...
Sure, but there was a reason that strike was threatened and unions said that Costco had been intentionally slow walking at every turn. Even waiting until the last second here was likely calculated and considered down to the dollar versus lost sentiment in public perception and PR spend to attempt to recover image. Very cynical, but happy if it ultimately worked out. If...
OMG, this is so DEI/woke! I hope donvict will lean on these guys and make them stop this terrible stuff.
That seems fair
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