Quote

It doesn't do Costco any good if nobody can afford to buy anything.

We need to make sure middle-class people are able to pay the bills. We need to make sure that poor people don't starve. Those are values, too.

I love Costco.

As I see it, if the production of a factory is expanding, and workers are satisfied, it's OK for there to be a disparity. The best paid should be about three times more than the worst paid.

We took the position we wanted our people to be better than minimum wage, so we're going to pay better than minimum wage, and we still do that.

I think it's much more important to keep people in work than have pay rises.

Everybody feels better about himself, his community, and his country if employers are paying workers well. Economics, though, teaches that if every employer is pressured to raise wages, some labor will be priced out of the market.

I believe Costco does more for civilization than the Rockefeller Foundation. I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.

Inflation outstripped real wages for people who work for pay from others.

I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.