Ten Companies Paying Americans the Least

[Omaha Steve]

http://247wallst.com/special-report/2013/11/15/ten-companies-paying-americans-the-least/

This summer, thousands of fast-food workers in the United States went on strike in cities across the country, demanding their wages be increased to $15 an hour and the ability to unionize. To no one’s surprise, they didn’t get it. As of 2012, an estimated 4.7% of hourly workers are paid at or below the federal minimum wage of $7.25 an hour. According to several groups, low- and minimum-wage workers are growing faster than any other group of earners.

Meanwhile, profits at many of the corporations that employ the most minimum-wage workers have risen. McDonald’s, Walmart and Target together employ several million Americans. While these companies’ profits have grown in recent years, most of their workers continue to earn low or minimum wages. 24/7 Wall St. identified the 10 companies that employ the most low- and minimum wage workers.

Click here to see the Ten Companies Paying Americans the Least: http://247wallst.com/special-report/2013/11/15/ten-companies-paying-americans-the-least/2/

Companies that pay employees poorly fall into one of three industries: retailers such as Walmart and Sears, restaurant chains such as McDonald’s and Yum! Brands, and grocery stores such as Kroger. These industries are customer-facing and rely on a fleet low- and minimum-wage workers to take orders, stock clothing and goods and wait tables. “The service sector across the board — the retail and restaurant industries — those are the core of the low-wage labor market,” explained Jack Temple, policy analyst at the National Employment Law Project (NELP).

To reinforce the argument that the low wages these companies are paying are unfair, Temple points to the large compensations most of the chief executive officers at these companies receive. CEOs at nine of these 10 companies are paid more than $10 million annually, while Michael Duke and Howard Schultz, CEOs of Walmart and Starbucks, each receive more than $20 million per year.

Read more: Ten Companies Paying Americans the Least - Wal-Mart Stores (NYSE:WMT) - 24/7 Wall St. http://247wallst.com/special-report/2013/11/15/ten-companies-paying-americans-the-least/#ixzz2lgoAFJup
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FULL story at link.

[The Wielding Truth]

1. Odd how the RW complains how minimum wage is not needed. Really, if slavery weren't illegal they

would be using that.

What would they pay if we didn't have a federally mandated minimum wage? Think about it. They could care less about how they treat their labor force.

[elleng]

2. "Thanks." Posted this @ Facebook,

for my friends.

[libdem4life]

3. What if Progressives took on the Minimum Wage as a real, up front plank to the Movement.

Anti-corporation, IMHO, whatever that means, isn't likely to get much traction since it fuels those who win, lose or play especially at national..like it or not.

But what a way to at least force them to become a bit more of a person...thanks (not) to SCOTUS.

WalMart and McDonald's, FFS, that's the regular haunts of the under-class, the rural (because for many WalMart is all they have) and McD's is always Mickey-on-the-spot.. Unhealthy $1 Menu "food" and cheap, (although it's not always that cheap in reality) consumer garbage...plus food that sits in warehouses for too long.

I see the photos of those poor workers...where is Trumpka? Union, Yes! Solidarity and all that stands for. Everybody could do their little bit because we all know where they are, right? I think it's SEIU? We start at $18 and settle for $15. Well, maybe a little lower. Ask people if they'd pay, say $1.50 for their hamburgers and say 2% more at Walmart.

Economists can do this better than me...like Elizabeth Warren...now if she would take this one on, imagine how many Little People she could help and what an even more royal pain in the ass she could be to the corporations.

"They may say I'm a Dreamer...but I'm not the only one." Sorry, just popped into my mind.

Peace

[KamaAina]

4. The comments are priceless.

[Omaha Steve]

5. YES they are!!!