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Costco Increases Pay to Over $30 an Hour for Most Store Workers
(www.bloomberg.com)
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this post was submitted on 31 Jan 2025
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Costco is looking at the enormous shortfall in human labor, flipping open its Econ 101 textbook, and deciding "High demand? Low supply? Price must go up."
That's not "fighting fascism" just running a business intelligently. I've heard similar stories from HEB, from my local auto repair guy, and from a few neighboring restaurants. Businesses are struggling to keep staffed so income pressure is rising.
My least favorite thing about capitalism is that if everyone did it correctly, and worked together to maximize each other's value, it wouldn't even be that bad. Being a middle class wage worker wouldn't be too bad if my management cared about increasing the value they can extract from me by enriching and teaching me instead of being slave drivers
Capitalism isn't, never was, and never could be about working together to maximize each other's value. It has always, only was, and will only ever be about privatizing value, stamping a logo on other peoples work going "This is my work now." All that "free, competitive market" bullcrap exists with or without capitalism, "better product is more popular" has nothing to do with capitalism except stifling better products for sake of capital aka profits, such as planned obsolescence, for-profit healthcare/prisons, buying cheap selling high, etc. You really think the people who invented the sail kept their IP private for the sake of profit? Or do they share that value with the world simply because everyone would benefit. What about metallurgy, leavened bread, beer? The polio vaccine? Some people worship the markets like a God that bears them miracles through human sacrifice, other atheists go one God further.
Nor have human beings and their endlessly diverse methods of trade and commerce in some rugged jungle somewhere need some white european/russian dude from the 1800s to tell them the complex philosophy of "sharing."