In the final analysis, you get what you pay for.

I say at our management conferences that the amount Wal-Mart grows in just one year is the equivalent of Costco's size.

Paying your employees well is not only the right thing to do but it makes for good business.

You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.

You just can't get too focused on worrying about what's going to happen in the next quarter. You have to worry about where the business is headed long-term.

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.

Our attitude has always been that if you hire good people and provide good wages and good jobs and more than that - if you provide careers - that good things will happen to your company. I think we can say that that has been proved by the quality of people that we have and how they have built our organization.