Report alleges that low fast food wages cost US $3.8 billion per year
Posted on: October 23rd, 2013
A report issued by the National Employment Law Project earlier this month, the low wages paid by fast-food companies (which are doing very well financially) costs U.S. taxpayers more than $3.8 billion per year. This comes at a time when the ten largest fast food companies collectively accumulated $7.44 billion in profits; awarded $52.7 million to their highest-paid executives; and shared $7.7 billion with investors through dividends and buybacks.
[All images from the National Employment Law Project.]
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