Narrator/Host

Okay, Costco, Walmart, Amazon, peers, buddies, pals, top 10 in the Fortune 500, and yet Costco is paying them twice as much, Jack? This would be like if Goldman paid their bankers twice as much as Morgan Stanley and JP Morgan. Oh, totally. I mean, over on Wall Street, people would be freaking out and spanking each other. Basically, Basically, Costco's paying more than Santa pays his elves, Nick.

It's like the third Hilton sister dishing out goodies. But here's the wildest part about this story, Eddie's. Costco's entry-level pay after this pay raise is technically only $20 an hour, not $30 an hour. But so many employees have been working at Costco for so long, a decade or more, that the average worker pay is $30 an hour. And that illustrates Costco's great underrated superpower. loyalty.

It's like the third Hilton sister dishing out goodies. But here's the wildest part about this story, Eddie's. Costco's entry-level pay after this pay raise is technically only $20 an hour, not $30 an hour. But so many employees have been working at Costco for so long, a decade or more, that the average worker pay is $30 an hour. And that illustrates Costco's great underrated superpower. loyalty.

It's like the third Hilton sister dishing out goodies. But here's the wildest part about this story, Eddie's. Costco's entry-level pay after this pay raise is technically only $20 an hour, not $30 an hour. But so many employees have been working at Costco for so long, a decade or more, that the average worker pay is $30 an hour. And that illustrates Costco's great underrated superpower. loyalty.

So Jack, what's the takeaway for our buddies over at Costco? Our favorite costs are the costs that pay for themselves. Yeah, it is. According to McKinsey, the turnover in retail is 70% higher than any other industry. And when someone quits, you have to recruit, interview, hire, train. That adds up to $1,500 per worker who leaves.

So Jack, what's the takeaway for our buddies over at Costco? Our favorite costs are the costs that pay for themselves. Yeah, it is. According to McKinsey, the turnover in retail is 70% higher than any other industry. And when someone quits, you have to recruit, interview, hire, train. That adds up to $1,500 per worker who leaves.

So Jack, what's the takeaway for our buddies over at Costco? Our favorite costs are the costs that pay for themselves. Yeah, it is. According to McKinsey, the turnover in retail is 70% higher than any other industry. And when someone quits, you have to recruit, interview, hire, train. That adds up to $1,500 per worker who leaves.

So if you think about it, a $1,500 pay raise, that pays for itself if it prevents that worker from leaving. But at Costco's high wages, they don't just prevent you from leaving. They get you to stay for eight years on average. Eight years. Again, retail is famous for high turnover. It's considered a job, not a career. You don't stay there for more than a few months, typically.

So if you think about it, a $1,500 pay raise, that pays for itself if it prevents that worker from leaving. But at Costco's high wages, they don't just prevent you from leaving. They get you to stay for eight years on average. Eight years. Again, retail is famous for high turnover. It's considered a job, not a career. You don't stay there for more than a few months, typically.

So if you think about it, a $1,500 pay raise, that pays for itself if it prevents that worker from leaving. But at Costco's high wages, they don't just prevent you from leaving. They get you to stay for eight years on average. Eight years. Again, retail is famous for high turnover. It's considered a job, not a career. You don't stay there for more than a few months, typically.

But at Costco, it is a career. The average employee stays for eight years. In dog years, that's 56 years. In retail years, that's a millennium, Jack. So Costco, they've done it since the beginning. They believe that higher pay for the workers makes for happier workers, which makes for happier customers too. But that loyalty also saves them on hiring costs long-term.

But at Costco, it is a career. The average employee stays for eight years. In dog years, that's 56 years. In retail years, that's a millennium, Jack. So Costco, they've done it since the beginning. They believe that higher pay for the workers makes for happier workers, which makes for happier customers too. But that loyalty also saves them on hiring costs long-term.

But at Costco, it is a career. The average employee stays for eight years. In dog years, that's 56 years. In retail years, that's a millennium, Jack. So Costco, they've done it since the beginning. They believe that higher pay for the workers makes for happier workers, which makes for happier customers too. But that loyalty also saves them on hiring costs long-term.

It's the cost that pays for itself. Jack, could you whip up the takeaways for us to kick off the week? TED Talk, which is a nonprofit, by the way, is looking for a new leader. Why is the TED brand so valuable? Because ideas are the currency of white-collar work. For our second story, Elon musked Twitter by cutting employees and costs by 80%, and now he's musking Washington, D.C.,

It's the cost that pays for itself. Jack, could you whip up the takeaways for us to kick off the week? TED Talk, which is a nonprofit, by the way, is looking for a new leader. Why is the TED brand so valuable? Because ideas are the currency of white-collar work. For our second story, Elon musked Twitter by cutting employees and costs by 80%, and now he's musking Washington, D.C.,

It's the cost that pays for itself. Jack, could you whip up the takeaways for us to kick off the week? TED Talk, which is a nonprofit, by the way, is looking for a new leader. Why is the TED brand so valuable? Because ideas are the currency of white-collar work. For our second story, Elon musked Twitter by cutting employees and costs by 80%, and now he's musking Washington, D.C.,

This story also explains a brand new stock market phenomenon, the power premium. And our third and final story, Costco pays double the rest of retail, 30 bucks an hour. And that doesn't just win loyalty. Oh, there is nothing Jack and I appreciate more than a cost that pays for itself. I think that's another way to describe girl math. A cost that pays for itself?

This story also explains a brand new stock market phenomenon, the power premium. And our third and final story, Costco pays double the rest of retail, 30 bucks an hour. And that doesn't just win loyalty. Oh, there is nothing Jack and I appreciate more than a cost that pays for itself. I think that's another way to describe girl math. A cost that pays for itself?

This story also explains a brand new stock market phenomenon, the power premium. And our third and final story, Costco pays double the rest of retail, 30 bucks an hour. And that doesn't just win loyalty. Oh, there is nothing Jack and I appreciate more than a cost that pays for itself. I think that's another way to describe girl math. A cost that pays for itself?

Girl math themselves to employee loyalty. I love that, Jack.