Fast food workers across United States are going on strike to protest against the lower wages. The strike, which has been planned in more than 50 cities across the country, would impact business of fast food chains operated by Yum! Brands, Burger King, Dominos Pizza and McDonalds. The workers are demanding minimum salary of $15 per hour, almost double the average salary per hour in United States.
The workers are demanding higher wages as most of the stores make good profits but it is difficult for workers to raise their family with lower earnings. Additionally, the CEO and higher official compensation has increased over years while lower level workers have been neglected by the management.
Fast food workers put nearly 24 hours per week on an average payout of $9 per hour. At this rate, their annual salary comes to $11000 per year and some of the workers have to take funds from public assistance to meet their basic needs.
Yum! Brands operates Pizza Hut, KFC and Taco Bell fast food chains. The company reported profit of $1.6 billion last year. McDonalds reported $5.5 billion profit in year 2012, registering steady rise over last five years. Most of the fast food chains continued to make good profits even during economic downturn.
Most of the people believe that fast-food industry employs teenagers in high percentage, who are looking for pocket money and serves as first job experience for most of them. However, the current statistics show that majority of fast-food workers are in age group 28-32. Also, there are demands from other professionals to increase the minimum wages from current $7.25 per hour. The lower income groups need more help to survive and with economy growing after the downturn, it would be good time to revise the minimum wages.
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