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Rejecting Walmart Strategy, Trader Joe's Pays Employees A Living Wage And Wins

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Trader Joe's, like Costco, has rejected the model of pumping profit margins by treating employees like necessary but low priority, and low paid, 'business costs.'

We've watched as places like Walmart, Papa John's, Target, Applebee's and other businesses continue to pay sub-par wages while claiming their only option for profit, given the economy and their being "forced" to provide employees with insurance, is to either cut employees' hours and/or their wages. This miserly strategy is justified and implemented despite the fact that research shows that raising wages would actually "benefit workers, the industry and the overall economy."

Yet in the midst of Scroogian thinking, a handful of smarter businesses have stepped to the forefront to reject this "austerity" model for a different philosophy right in line with research: pay a good living wage, offer benefits ...

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