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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPoverty Wages Pose Risk To Fast Food Industry Profits
Fast-food workers fight for better pay has taken on new urgency as a report published Tuesday found the wage discrepancy between workers and their CEOs is the highest of any sector likely hurting employees' morale and posing a risk to the industrys profits, experts say. In 2013, executive pay was more than a thousand times the average workers wage.
The report by liberal think tank Demos calculated that average income inequality within the fast-food industry is more than double that of other industries in the Accommodation and Food Services sector, which already has the highest annual average CEO-to-worker compensation ratio of any sector since 2000.
We found that fast-food [industry] is acutely out of line with the rest of the economy, said Catherine Ruetschlin, a policy analyst at Demos and author of the report. CEOs at fast-food companies now earn four times more than they did in 2000, while workers wages increased 0.3 percent, according to the report.
http://america.aljazeera.com/articles/2014/4/22/fast-food-workersmcdonaldspovertywageminimum.html
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(108,903 posts)Threedifferentones
(1,070 posts)I'd like this even better if it read:
Fast Food Profits Pose Risks To Impoverished Workers.
IE If the companies MUST be so ridiculously profitable then workers will always be in poverty.