Re:Coronavirus Could Push More Than 1B People to Extreme Pov...
by fennecfoxen on Tuesday December 08, 2020 @07:35PM
(#25353707)
> Doing groceries at Costo so money is not leaving the circle of big corps.
Costco's net margin is ~2.6%, so the other 97.4% is leaving Costco for labor (notably well-paid for grocery stores) and whoever their suppliers are. Are they substantially different from your normal grocery store's suppliers? For that matter, is your normal grocery store itself different from Costco in some structural way that is meaningful to you? Perhaps you were previously shopping at a coop like San Francisco's Rainbow Groceries or New York's Park Slope Food Coop?
Costco's net margin is ~2.6%, so the other 97.4% is leaving Costco for labor (notably well-paid for grocery stores) and whoever their suppliers are. Are they substantially different from your normal grocery store's suppliers? For that matter, is your normal grocery store itself different from Costco in some structural way that is meaningful to you? Perhaps you were previously shopping at a coop like San Francisco's Rainbow Groceries or New York's Park Slope Food Coop?