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We are the 99 percent

Articles tagged Fight for $15

End the Fast Food Swindle with the #FastFoodGlobal Day of Action

Posted 10 years ago on May 15, 2014, 7:06 a.m. EST by OccupyWallSt
Tags: Fight for $15, Fastfoodglobal, strikes

Following successful strikes in August, the UC Berkeley Labor Center published a report showing the very high cost of low wages in the fast food sector.

Among their findings:

  • More than half (52 percent) of the families of front-line fast-food workers are enrolled in one or more public programs, compared to 25 percent of the workforce as a whole.
  • The cost of public assistance to families of workers in the fast-food industry is nearly $7 billion per year. Following that report, the National Employment Law Project found that the top fast food employers are the biggest beneficiaries of that assistance:

Additionally, the report found that the top five fast food companies profited a combined $7.44 billion while purchasing $7.7 billion in stock buybacks for the benefit of executives and investors. People working in fast-food jobs are more likely to live in or near poverty. Meanwhile, fast food corporations are posting records in profits and buybacks while spending billions on advertising and millions on corporate jets. If the stark difference between workers and executives becomes too much McDonald’s has sage advice for its employees: “Stop Complaining.” But it gets even worse. Workers admit that their bosses routinely steal from them as well.

For these reasons and more, we are joining the #FastFoodGlobal day of action.

*Article originally posted on FastFoodGlobal.org