Comment Re:Costco (Score 1) 464
<quote>Not really. Like most organizations (in fact more so than most organizations) retail establishments don't pay a significant amount of their bottom line toward the employees staffing the store. A single store manager will make almost as much as the combined floor staff and combined salaries are still just noise in the bottom line.</p></quote>
If you make 10 bucks an hour, it costs considerably more than 10/hour to have you on the clock. Even without medical benefits, the insurance, tax, administrative, and unemployment insurance contributions to support this person are substantially more than the simple wage of the employee. The very rough rule of thumb to figure this is double the employee's salary/wage to get the cost of that employee. This does not include benefits.
If a typical Wal-Mart has 20 part-time(no benefits) employees making $6/hr, by your estimation the store manager must be making around $120/hr. I can assure you that Joe StoreManager does not make $230,000+ per year. The combined cost of the employees of a single store is considerable, a far cry from 'noise'.
If you make 10 bucks an hour, it costs considerably more than 10/hour to have you on the clock. Even without medical benefits, the insurance, tax, administrative, and unemployment insurance contributions to support this person are substantially more than the simple wage of the employee. The very rough rule of thumb to figure this is double the employee's salary/wage to get the cost of that employee. This does not include benefits.
If a typical Wal-Mart has 20 part-time(no benefits) employees making $6/hr, by your estimation the store manager must be making around $120/hr. I can assure you that Joe StoreManager does not make $230,000+ per year. The combined cost of the employees of a single store is considerable, a far cry from 'noise'.