Fast-food giants make billions while their workers use billions in welfare benefits
(Source: AlterNet, October 15, 2013)
WASHINGTON, D.C. — Wages at America’s fast-food chains are so low that millions of employees have been receiving at least $7 billion a year in welfare benefits between 2007 and 2011, according to a new study by University of California and University of Illinois labor economists.
But the billions in taxpayer subsidies is only half of the story, the labor economists said, because a companion report, also released Tuesday, found that the 10 largest fast-food chains made more than $15 billion in profits and shareholder give-backs in 2012 — revealing the industry could afford to pay living wages.
Full story: AlterNet
Thursday, October 17, 2013