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The American economy overall is ferociously unequal, but some sectors are more unequal than others. A new study from the left-leaning think tank Demos looked at CEO-to-worker compensation ratios across the labor force in an attempt to determine where inequality is most concentrated. The answer
In the media
Ned Resnikoff
David Novak is the chief executive of Yum! Brands, the parent company that runs Pizza Hut, Taco Bell and KFC. Last year, while Yum! Brands and other restaurant companies lobbied against raising the minimum wage, Novak made at least $22 million—more than 1,000 times what the average fast-food worker
In the media
Zoë Carpenter
Executive pay has risen dramatically—both in absolute terms and in relation to median wages—across the last generation. The spike in executive salaries is both a key driver of inequality at the top end of the income spectrum (about half of the “1 percent” are executives or managers at non-financial
In the media
Colin Gordon
McDonald’s is losing customers.
Blog
Catherine Ruetschlin
The news has not been kind to the fast food industry over the past few years. From labor strikes to claims of wage theft, companies like McDonald's and Burger King have taken increasing criticism for treatment of workers and their low wage jobs. Now a new report from New York-based think tank Demos
In the media
Eric Reed
Fast-food restaurants are serving up plenty of food for discussion in the debate over income inequality. Fast-food chief executives take home $1,000 for every $1 dollar earned by their average workers, making it the most unequal sector within the U.S. economy, according to a new report from public
In the media
Aimee Picchi
Fast food CEOs were paid more than 1,200 times the average fast food worker in 2012, according to a new study released Tuesday by Demos, a public policy group. On a conference call to discuss the report New York City Comptroller Scott Stringer said such a wide income disparity could affect the city
In the media
Alison Fox
David Novak, the CEO of YUM! Brands, which owns Taco Bell and KFC, took home more than $22 million last year after exercising stock options, according to proxy statements. The average full-time fast-food worker, by comparison, would have made about $19,000 on the year. [...]
In the media
Dave Jamieson
(New York, NY) – As shareholders prepare for annual meetings, Demos released a new study today that finds that the fast-food industry has the greatest CEO-to-worker pay disparity in our economy, with ratios exceeding 1,000-to-1. The study finds that the growing disparity within fast-food threatens
Press release/statement
Shantel Walker has been working on and off for Papa John’s pizza since she was in high school. The 32-year-old New York City resident says that over her 15 years at a Brooklyn outlet of the Louisville, Ky.-based pizza chain, she’s received only two raises that weren’t mandated by federal or state
In the media
Angelo Young