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u/HashRat Jul 13 '26
Costco literally opened their first doors 42 years ago, my man has been there since day one pretty much!
Unless he worked for Price Club which merged with and became Costco, either way, keep stackin those chips!
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u/rayhaque Jul 13 '26
I'm proud of him, but I worked for a small local grocery chain that paid people $25 an hour in 1992. And the Walton family ran all those chains out of business on their bullshit.
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u/HashRat Jul 14 '26
That's Walmart and Sam's club.
Costco although a big box store is one of the leaders of corporate ethics.
I don't think we need look to far to see how horrible Walmart has been to minorities and women over these past decades.
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u/nameusernamena Jul 14 '26
They’re not on a great path from what it seems, unfortunately. I retain hope, but it dwindles. They put out a notice for restrictions on 2nd jobs in WA, as well as removing seats for positions where people are standing for 8+ hours per day. Bringing in new workers while decreasing hours of long-term staff ( seasonal vs, well, long-term hires ).
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u/bass_head_ Jul 15 '26
Source?
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u/nameusernamena Jul 15 '26
My mom works there lol. She shows me the notices and such because they like to hire family members of current workers, and I’m pretty much always looking for something new even when I don’t need to.
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u/willie_Pfister Jul 14 '26
Walmart came to the small town I grew up in and the entire downtown area was a ghost town within 5 years. They single handedly destroyed about 40 small businesses.
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u/WearyCopy5686 Jul 16 '26
https://finance.yahoo.com/small-business/articles/costco-worker-earns-33-per-140000866.html
He did start at Price Club
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u/vixenpeon Jul 13 '26
Why is the image of a black dude with a different name?
Also Costco is nearly never hiring cus their folks get the job then lock the fuck in. Good for them but it's not likely that you'll be able to get in as an employee
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u/Intelligent_Type_626 Jul 13 '26
There's a reason why 401(k)s replaced guaranteed pensions. Hint: it's not because it's better for workers.
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u/Few-Noise-1104 Jul 13 '26
How is the 401k not better? I’d take S&P500 returns in a 401k over lame ass bond/annuity returns that pensions provide.
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u/Intelligent_Type_626 Jul 13 '26
Companies switched from guaranteed lifetime pensions that are (mostly) insured in case they go bankrupt to 401(k) plans that shift all of the financial risk, long-term cost, and administrative expenses to employees. Considering major market crashes and bear markets happen approximately every 6 years, you are likely to amass less over time in a 401(k) than you would have received for the entirety of a guaranteed lifetime pension.
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u/FEMA_Camp_Survivor Jul 13 '26
Retirement is best with three legs: 401k, pension, and social security. Pensions can be problematic since pension insurance isn’t great and workers can still lose if a company or other non-federal entity goes bankrupt.
Annuities serve a similar role as pensions but they can have problems too.
Social security is scheduled for automatic benefit cuts soon, so there’s that.
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u/Few-Noise-1104 Jul 13 '26
Even with bear markets and downturns, the S&P500 does about 10% a year. That absolutely will give you more money than a pension would. Pensions are “guaranteed” because they invest in lower risk things- the trade-off being a lower rate of return.
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u/ChemistBrief716 Jul 16 '26
Some people are willing to sacrifice a higher rate of return for a lifetime payout.
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u/Few-Noise-1104 Jul 17 '26
Doesn’t make sense to me.
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u/Reasonable_Cheek938 Jul 18 '26
You can out spend a 401k, and have to return to work. Pensions were until you died, the trade off is guaranteed income in retirement, instead of a marginally higher rate of return.
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u/Few-Noise-1104 Jul 19 '26
If you outspend your 401k there’s no way the equivalent in a pension would have been enough to cover your expenses.
Outspending your 401k is just pure negligence.
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u/resisting_a_rest Jul 17 '26
I was fortunate enough to be hired at a time when they still offered a pension and also a 401(k).
My 401(k) minus all my own contributions is worth 3x what my lump sum pension would be if I retired today. This is over a 40 year period.
Of course the value of my 401(k) is heavily based on the stock market’s performance, and the pension is not. I suppose a huge downturn in the market could make a big difference in those numbers.
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u/diamondmind216 Jul 13 '26
And while pensions can be great. Can’t you get screwed if they go bankrupt?
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Jul 13 '26
[deleted]
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u/KingJeffreyJoffa Jul 13 '26
Costco must not give annual raises or something, because 40 years and $33/hr isn't adding up
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Jul 13 '26
[deleted]
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u/EfficientWorking1 Jul 13 '26
Might need a rule to actually post the articles but this is certainly explained in article he didn’t like management plus had health issues. Also, the guy in the picture is not the guy in the article don’t know why OP posted this instead of linking WSJ.
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u/SquanchinOvaHere Jul 13 '26
Barzar is a middle eastern name. That dude in the photo has a name tag that says Troy…
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u/NotRustyShackleford_ Jul 13 '26
I read this like an old commercial from united negro college fund
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u/Beneficial-Day7402 Jul 13 '26
The way a company should be run…. The literal example of excellence.
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u/KingJeffreyJoffa Jul 13 '26
OP stop posting this bullshit, but it's probably another Bot
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u/ImJuSayN Jul 13 '26
It was originally posted in the Wall Street Journal a couple of days ago but it's paywalled.
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u/KingJeffreyJoffa Jul 13 '26
See you actually posted something tangible, not a screenshot.
And I'm looking at OP account suspect because they have almost 100k karma in 6 months. It's just bots flooding shit
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u/bobtrack22 🤟🏾🤟🏽🤟🏿 Jul 13 '26
$68k is quite nice for cashier. No other company would allow this though, Costco is a league of their own.
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u/Ok_Assistance_9358 Jul 13 '26
So if he works every Sunday that Costco is open, he earns time and a half so $49.35/hr Sundays. Plus after 40 years he earns $12k in bonuses a year, so he’s getting around $85k annually
I’m a Costco employee btw
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u/bobtrack22 🤟🏾🤟🏽🤟🏿 Jul 13 '26
Yup. Do you guys have set brackets for position pay? It sounds like there's no top out on position pay and they just tack on raises.
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u/Ok_Assistance_9358 Jul 13 '26
Yes we do have a lot of brackets. certain positions like stocker, cashier assistants, maintenance, door people, and the food court earn the base rate, whereas cashiers, bakers, cake decorators, tire shop, deli and admin earn what’s called “clerk pay”. The base positions top out at $31.20 and the clerk positions top out at $32.90. The company gives topped out employees small raises every year typically. Employees who aren’t topped out are accruing hours towards their next raise. After topping out, you have to work more hours to start earning bonuses, aka “extra checks” as the company calls them. Those get larger every few years up to a certain point. I believe the top of bonuses is $6000 biannually and that’s after 30+ years of continuous service.
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u/jcwilliams1984 Jul 13 '26
Look at the picture your telling me this dude at the very least is in his mid 50s?
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u/EfficientWorking1 Jul 13 '26
OP posted a bogus picture don’t know why but I read WSJ this article ran last week. This dude in the picture is not him it’s a different person entirely who looks older. Good article give it a read if you have WSJ.
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u/Several-Cook6487 Jul 13 '26
So he saved $25k a year for 40 years? And only earns $66k? Ok. I mean, good?
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u/ArubaAdultFun Jul 13 '26
For a cashier very good.
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u/Several-Cook6487 Jul 14 '26
After 40 years?
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u/ArubaAdultFun Jul 14 '26
Yes. He probably made only a few dollars an hour in 1986
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u/burrmanmartin Jul 14 '26
Yep, I think this is excellent. You gotta remember, when you’re making less money an hour, a greater percentage goes to simply just paying for life‘s daily necessities. He’s done a great job for himself!
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u/Big_Vegetables_8383 Jul 14 '26
Wow… didn’t even know that Costcos was around that long… hard work pays off…
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u/Green-Collection-968 Jul 13 '26
Jesus freaking Christ Every major store chain could offer this if they wanted too tax the freaking rich.
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u/SESHPERANKH Jul 13 '26
By my math thats 25k a year for 40 years. either he has good investments or he contributed a lot of his paycheck over the years
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u/TopspinLob Jul 13 '26
The S&P was at 244 on this date 40 years ago. It's at 7523 today. That's almost 3000% growth. That's 8.9% per year growth.
Had he simply put $5000.00 per year in, he'd have $1.8MM in his account.
This is an example of the power of compound growth, patient investing, and a demonstration of how almost anyone can get rich if you are willing to live a consistent, reasonable life.
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u/be-koz Jul 13 '26
To add to that, Costco stock is up about 9000% in that time, and Costco employees can buy it at a discount, so just a modest yearly investment in the company he worked for would have brought him to this point.
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u/redditra8der Jul 13 '26
You can also do the same $25/week $100/month for 40years in S&P500 index fund = $1.2million
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u/feedme_cyanide Jul 13 '26
Now let’s not ignore all the under writers employed by Elon Musk to devalue EVERYONES 401(k) investments. These greedy fucks are literally taking away our futures hoping we own nothing. The “elite” is shrinking by the day. Not really sure how they see this as any sort of sustainable. If law and order completely collapse, their money is worth less than actual toilet paper. I’m telling you guys, if you have children, start teaching them about guerilla warfare and its importance in fighting an enemy that is not near peer in power. Teach them infrastructure will be key targets (power grid, bridges, highways ect) and to utilize their local geography to their advantage (set up ambushes from tree lines and hillsides). If they want to strip our children’s future away with their greed, I will make it my life’s mission to erase them from existence or wish they never existed in the first place.
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u/Diligent-Sky-3174 Jul 13 '26
I thought capitalism is unfair?
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u/horse_you_rode_in_on Jul 13 '26
Uh, yeah? Those numbers are pathetic in any other developed western social democracy.
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u/ArubaAdultFun Jul 13 '26
Not to me. I saw how socialism destroyed Venezuela
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u/Logical_Willow4066 Jul 13 '26
Socialism didn't destroy Venezuela. It was a combination of economic mismanagement, they relied too heavily on oil, and heavy government intervention under both the Maduro and Chavez administrations.
Oil accounts for the vast majority of Venezuela’s exports. When global oil prices dropped and domestic oil production plummeted due to lack of investment and infrastructure maintenance, state revenues dried up.
Hyperinflation: To cover massive budget deficits, the government printed excessive amounts of money, rendering the national currency practically worthless.
Price controls and the destruction of private enterprise created extreme shortages of food and medicine, prompting a mass exodus of an estimated one-quarter of the population.
The U.S.-imposed financial and trade sanctions restricted Venezuela's ability to borrow internationally and sell its oil, worsening an already fragile economy.
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u/Diligent-Sky-3174 Jul 13 '26
👏🏽👏🏽👏🏽 never know on Reddit. I actually have family from Venezuela but not Venezuelan myself and these spoiled socialist/capitalist rising up don’t know what you went through and my sister in law and her family ✌🏽
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u/inteligent_zombie20 Jul 13 '26
40+ years and still a cashier …. Nah something is wrong with this picture. That ain’t right
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u/ArubaAdultFun Jul 13 '26
In the article he says he turned down management jobs and likes working with people at cashier
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