Your summary is probably how a lot of US businesses handled this but I don’t think this is quite how Costco responded to the tariffs. They really seemed to try to foot the bill for the tariffs where they could. Especially on produce and staples.
Of specific note from your article is them reporting holding food prices in place during shareholder updates.
Costco is a business, and so they’re not your friend. But they’re one of the few businesses that seems to recognize that long term customer goodwill is more valuable than a few percent on next quarters balance sheet, so they don’t deserve disdain either.
Even the best company has an intrinsic unequal power dynamic with their workers, and competing interests.
That doesn’t mean that a company that has a policy of trying to be fair should be treated with the same attitude as one that doesn’t, it just means that their employees still would benefit from a union, and hopefully the union just has an easier time, since negotiations as equals are easier with a willing company.
Every anti-capitalist sentiment can be true of every company, while we still acknowledge that the ire doesn’t need to be directed uniformly.
Your summary is probably how a lot of US businesses handled this but I don’t think this is quite how Costco responded to the tariffs. They really seemed to try to foot the bill for the tariffs where they could. Especially on produce and staples.
https://www.msn.com/en-us/money/companies/costco-sues-the-trump-administration-seeking-a-refund-of-tariffs/ar-AA1Rw1WS
Of specific note from your article is them reporting holding food prices in place during shareholder updates.
Costco is a business, and so they’re not your friend. But they’re one of the few businesses that seems to recognize that long term customer goodwill is more valuable than a few percent on next quarters balance sheet, so they don’t deserve disdain either.
THEY ALSO treaty thier employees pretty well to, they stay there for long term, and i heard its quite hard to get hired because of that.
Also a good point!
Even the best company has an intrinsic unequal power dynamic with their workers, and competing interests.
That doesn’t mean that a company that has a policy of trying to be fair should be treated with the same attitude as one that doesn’t, it just means that their employees still would benefit from a union, and hopefully the union just has an easier time, since negotiations as equals are easier with a willing company.
Every anti-capitalist sentiment can be true of every company, while we still acknowledge that the ire doesn’t need to be directed uniformly.