fast food

Last month—just a couple of days after NYC Comptroller Scott Stringer provided a thorough accounting of the benefits of a $15 minimum wage in the 5 boroughs—Attorney General Eric Schneiderman laid out the case for how Governor Andrew Cuomo could raise wages for thousands of struggling New Yorkers...
05/07/2015
Blog
Just 8 months ago, McDonald’s shareholders awarded Don Thompson with nearly $8 million in incentive pay for his performance as CEO—that’s compensation in addition to a base salary and benefits that topped $1.5 million. But when the company announced his resignation yesterday after less than 3 years...
01/29/2015
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Yesterday, I wrote about Denmark's high fast food wages and the bad arguments that are used to dismiss them. Also yesterday, Matt Yglesias came in with a new argument that is worth addressing here. In his piece, Yglesias quotes this part of the Times article: And the Danish restaurants...
10/29/2014
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Today’s economy doesn’t contain a lot of good news for working people. While the Great Recession officially ended five years ago, millions of Americans are still out of work and wages continue to lag. Yet this week, working people made some hugely significant gains as the fruits sowed by organizing...
07/30/2014
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McDonald’s is losing customers. In the first quarter of 2014 US sales fell 1.7 percent—and that’s after a “challenging” 2013 when the company struggled to keep consumers happy and workers repeatedly walked out on strike. After decades of dominating the fast food industry, something is going wrong...
04/23/2014
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Dunkin Donuts is getting a sweet deal. The company enjoyed $108.3 million in profits last year and compensated its CEO, Nigel Travis, to the tune of $1.9 million. Meanwhile, the public paid an estimated $274 million to feed, provide medical care, and subsidize the wages of their workforce. And...
10/15/2013
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Well, that’s embarrassing. McDonald’s sample budget for its employees lays bare the reality of trying to make it on a food service job at $7.72 an hour (mildly above the federal minimum wage of $7.25). That’s the average for a cashier or crew member working 40 hours a week. There are...
07/17/2013
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