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66% of Low Wage Workers Work In Large Companies Who Are Making Tons Of Money!

How many times do I have to say it, the corporations are keeping workers down!  When we talk about pay and benefits someone always says, ‘raising the minimum wage will hurt the small businesses’.  Well that is a complete crock of @#^*.

This week new evidence came out that overwhelmingly tells a different story.  The National Employment Law Project.

The majority (66 percent) of low-wage workers are not employed by small businesses, but rather by large corporations with over 100 employees.

So while workers are losing money to the rising cost of living and their corporate bosses are raking in the money.

We already knew that Walmart is the best at being the worst.  Last year they paid out 11 Billion in dividends and share buybacks, all while their workers are struggling to put food on the table. Some of these workers have to rely on food stamps to feed their families.

Who are the worst offenders when it comes to low wage jobs?

  1. Walmart
  2. Yum Brands (Taco Bell, KFC, Pepsi)
  3. McDonalds
  4. Target
  5. Sears
  6. Subway
  7. Burger King
  8. Aramark
  9. Starbucks
  10. Applebees / IHOP

Of these top ten offenders, Sears was the only one who has not been profitable since 2008.  However the CEO of Sears only made 9 million last year.

24-7 Wall Street.com put this list together with information about how much the CEO made last year and how many employees they have.

While Congress is working on the “Grand Bargain” over Medicare, and Social Security they should do something that will have a huge and immediate effect on the economy.  Raise the minimum wage.   Even if you only raise it to $10 per hour right now, it need to go up and it needs to go up quickly.

Did you know that Congress has only voted to raise the minimum wage three times in the last 30 years?  Or did you know that the annual salary for a minimum wage worker is $15,080?  Find out more at Raise The Minimim Wage .Com

 

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About Matt Murray

Matt Murray is the creator and an author on the NH Labor News. He is a union member and advocate for labor and progressive politics. He also works with other unions and members to help spread our message. Follow him on Twitter @NHLabor_News
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