"We've always been in favor of improved wages for workers. When you have a strong middle class, they want to buy more stuff at Costco"
- James Sinegal
About this Quote
This quote by James Sinegal suggests that he thinks in the significance of providing employees with higher salaries. He believes that when employees have a higher wage, they are able to acquire more products and services, which in turn assists to strengthen the middle class. This is useful for companies, as it increases consumer spending and assists to stimulate the economy. Sinegal's quote also implies that he is in favor of businesses paying their employees a reasonable wage, as it will eventually benefit the business in the long run. By providing workers with greater earnings, services can produce a more powerful middle class, which will result in increased customer costs and a healthier economy.
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