Costco's higher pay relative to Walmart is best explained by a supply-side business model that needs higher-skilled workers (not altruism), with the marketing 'we pay better' message as a secondary demand-side benefit; the two effects are not mutually exclusive.

causalpending

Speaker

Mike Munger

Evidence Quote

I don't think they're paying any of it out of altruism

Source

Mike Munger on Fair Trade and Free Trade 12/3/2007EconTalk
Created: 6/17/2026, 10:31:24 AM

My Notes

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