this post was submitted on 07 Aug 2024
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[–] Nastybutler@lemmy.world 5 points 3 months ago (1 children)

Employee benefits and wages, mostly. The membership fees are the primary profit of Costco. Without that wages would go down, and prices would rise. You do know that businesses need to turn a profit to stay in business, right?

The fee might be an upfront cost, and if you don't buy enough goods during the year it may not be worth it, but I can tell you from my experience of just my wife and I being empty nesters, we have an "Executive" membership which costs even more than a regular membership (gasp!)with the added benefit of getting a small percentage of our annual spending coming back to us as essentially a gift certificate. That gift certificate pays for our membership, so, yeah, it's worth it.