Thousands of fast-food workers in the went on strike in cities across the U.S. this summer. Why? They were demanding a living wage of $15 per hour and the right to unionize, but their efforts failed. Several industry groups purport that low- and minimum-wage workers are now growing faster than any other group of earners in America. This article points to companies whose profits are rising, but continue to have the distinction of paying the lowest wages in the U.S. to their employees, while paying exorbitant amounts to their CEOs.
1. What percentage of hourly workers in 2012 made less than the federal minimum wage?
2. What percentage of these ten companies with the lowest employee wages pay their CEOs more than $10 million annually?
3. What information in this article surprised you the most?
Source: Sauter, M.B., T.C. Frohlich, and A.E.M. Hess. (2013). Ten Companies Paying Americans the Least. 247 Wall Street.com, Nov. 15 (Retrievable online at http://247wallst.com/special-report/2013/11/15/ten-companies-paying-americans-the-least/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_content=NOV152013A&utm_campaign=DailyNewsletter)