If you want a glimpse of super-sized pay inequality, look no further than America’s fast-food industry.
Nowhere is company-level pay disparity more apparent than in fast food, where CEOs reportedly take home $1,000 for every $1 earned by their typical employee.
“Fast Food Failure,” a new report by public policy group Demos, highlights the growing chasm between CEOs and their lower-rung workers. According to The Huffington Post:
“It’s true in many industries but fast food is the primary example: The gains from economic growth are being entirely awarded to people at the top of the income scale,” Catherine Ruetschlin, author of the report, told HuffPost. “It’s not a surprising finding that it’s the worst industry within the worst sector, because that’s where we’re seeing the cracks forming.”
Read the report: Fast Food Failure: How CEO-to-Worker Pay Disparity Undermines the Industry and the Overall Economy
