Fast
Food CEOs Make 1,200 Times As
Much as
Their Workers
Eco**mic inequality in the U.S. can be quantified in all sorts of ways. The 1% account for almost
40% of the country's wealth. The 0.1% account for more than 10% all by themselves. The combined wealth of
the 0.01% totals
$6 trillion. The
pay gap between the top chief executive ******rs and the average
Workers at
Their companies is about 331 to 1. **w comes a**ther ratio, courtesy of Demos, a public policy organization in New York:
1,200 to 1. That's the pay gap between
CEOs of fast-food companies and the average fast-food worker in 2012.
The report, scheduled for release on April 22, is called "Fast
Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Eco**my." It **tes that fast-food
CEOs are some of the highest-paid executives in America, with an average compensation of $26.7 million in 2012. Fast-food
Workers are the lowest-paid.
Their average hourly wage is $9.09. The companies cited include McDonald's, Chipotle, Starbucks, Yum! Brands (owner of KFC, Pizza Hut, and Taco Bell) and six others.
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More about
Pay,
Worker,
Mcdonalds,
Ceos, and
Fast Food