Fast-food restaurants are part of a $200 billion-dollar industry that pays its CEOs astronomical amounts in salaries, bonuses and stock options. The 2012 compensation for David Novak, CEO of Yum! Brands, which owns Pizza Hut and Taco Bell, was $29.4 million, or over 4,300 times as much as the pay of an average employee. In 2011, after four months on the job, Wendy's CEO Emil Brolick earned $4.6 million. Jim Skinner, McDonald's outgoing CEO, is slated to receive about $10 million by the end of the year. The Fast Food Forward protest comes on top of similar actions at Walmart stores across the country on Black Friday. The Walmart protests were part of an attempt to unionize the company's low-wage workers (who make an average of $8.81 an hour) by United Food and Commercial Workers (UFCW). Extreme social inequality and the rapid increase of poverty have created concern among the upper middle-class layers. The political aim behind the New York fast-food protests, similar to the Walmart protests, is to smother a social explosion before it happens with militant-sounding rhetoric on the one hand and slavish support for the Obama administration on the other.
Tuesday, December 25, 2012
Jobs & Wages Crisis in America
Lower-wage employees of the mega-retailer Walmart Stores and fast-food restaurant workers - many of them people of color - are trying to cast a harsh spotlight during the holiday season's twinkling lights on what they say are poor working conditions and scant wages. The biggest wave of job actions in the history of America's fast-food industry began at 6:30 a.m. last Thursday at a McDonald store in New York, with several dozen protesters chanting: "Hey, hey, what do you say? We demand fair pay." ALL of the financial conditions being imposed on the USA have been INTENTIONAL by our very own Globalist Controlled Government. They did the same thing to Argentina & other countries. Once they financially collapse a Nation they go in & buy up everything. THIS is the NEW WORLD ORDER