12 Fast Facts About Thursday’s Fast-Food Strike

http://www.commondreams.org/view/2013/12/05-1



***SNIP

1. If wages had kept pace with productivity gains, the minimum wage would be over $16 an hour.

Corporate profits have soared. Workers are producing more, but they’re not sharing in the rewards.

***SNIP

(Source: Baker and Kimball, Center for Economic and Policy Research)

2. The average fast food worker makes $8.69 an hour.

Many jobs pay at or near the minimum wage, which is $7.25 per hour. And an estimated 87 percent of fast food workers receive no health benefits.

(Source: UC Berkeley Labor Center)

3. The CEO of McDonald’s Corporation makes $13.8 million per year.

That’s a 237 percent pay increase over last year, when he was paid a “mere” $4.1 million. Presumably health benefits are also included.

(Source: USA Today)

4. McDonald’s cost the American taxpayer an estimated $1.2 billion in public assistance per year.

In other words, taxpayer money is subsidizing this large corporation’s profits – at the expense of American workers.