A grand canyon of inequality exists between fast food CEOs and the workers who make their corporate and personal fortunes. In the past decade, fast-food CEOs’ wages have increased more than 400 percent, while workers wages increased 0.3 percent, according to a new report by Demos.
The result is that the CEO-to-worker pay ratio is now 1,200-to-one, with the average fast food CEO salary at $23.8 million in 2013 and the average worker salary at $19,000. This ratio is more than quadruple what’s typically found in the nation’s economy, which continues on its path of increasing economic disparity.
Read the report: Fast Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy