Relevant
Economics
Group for focused study and discussion of economics and economic policy.
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“According to the company’s proxy statement, the median employee was a part-time restaurant crew worker... who made $7,017. The ratio was 3,101 to 1. In other words, it would take that employee 3,101 years to match Easterbrook’s 2017 compensation... Even keeping qualifiers in mind, the disparities are massive. And in the U.S., almost 52% of fast food workers are on public assistance. They can’t make enough money to live on. Many thousands of workers are at the poverty line while CEOs are wealthy. It’s effectively a subsidy from government ...Read More