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 MungerEvidence Quote
“I don't think they're paying any of it out of altruism”
Created: 6/17/2026, 10:31:24 AM
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