SOYMB has reported the figures previously. The 1 percent account for almost 40 percent of the country’s wealth. The 0.1 percent account for more than 10 percent all by themselves. The combined wealth of the 0.01 percent totals $6 trillion. The pay gap between the top chief executive officers and the average workers at their companies is about 331 to 1.
Now a new statistic has been added. Demos, a public policy organization reports that the pay gap between CEOs of fast-food companies and the average fast-food worker in 2012 was 1,200 to 1. Fast-food CEOs are some of the highest-paid executives in America, with an average compensation of $26.7 million in 2012. Fast-food workers are the lowest-paid. Their average hourly wage is $9.09.
The fast-food industry is growing again, but only the executives are benefiting. The average hourly wage of fast food employees has only increased 0.3% since 2000. When these companies' CEOs say their employees are their most valuable assets, they mean themselves!
Now a new statistic has been added. Demos, a public policy organization reports that the pay gap between CEOs of fast-food companies and the average fast-food worker in 2012 was 1,200 to 1. Fast-food CEOs are some of the highest-paid executives in America, with an average compensation of $26.7 million in 2012. Fast-food workers are the lowest-paid. Their average hourly wage is $9.09.
The fast-food industry is growing again, but only the executives are benefiting. The average hourly wage of fast food employees has only increased 0.3% since 2000. When these companies' CEOs say their employees are their most valuable assets, they mean themselves!
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