robbrownu

Costco (COST): FQ4 EPS of $0.83 beats by $0.06. Revenue of $22.38B (-3.1%) in-line. Says sales were negatively impacted by ongoing softness in U.S. sales, higher employee benefit costs, and lower U.S. dollar amounts of international profits as a result of weaker foreign currencies. (PR)

Unions usually drive up employee wages and benefits above what the normal market would bear. These costs are then passed on to consumers of the end products, or to shareholders in the form of lower profits.

So, if you're a consumer or shareholder, you are affected by unions.


On Oct 07 08:02 AM MonroeTrader wrote:

> Could someone tell me why there is so much hate for the unions in
> this country? I just don't see how being in a union affects people
> who are not in any unions.

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