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Fast Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy
Demos 
[Opinion] Apr. 23, 2014 "Accommodation and Food Services had a CEO-to-worker pay ratio of 543-to-1 in 2012. Over the period from 2000 to 2012 the average ratio was 332-to-1, 44 percent higher than the sector with the next-highest compensation ratio. In 2012, the compensation of fast food CEOs was more than 1,200 times the earnings of the average fast food worker.... [T]he ratio remained above 1,000-to-1 in 2013.... Fast food workers are the lowest paid in the economy.... The most unequal sectors are among those providing the greatest numbers of new jobs in the economy, replacing jobs in sectors with lower income inequality." MORE >> |
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