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SEP 03, 2013 - TheStreet

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Hidden Inflation Slows Growth, Holds Down Wages

NEW YORK (TheStreet) -- On Thursday, Aug. 29, fast-food chain workers conducted strikes in nearly 60 cities asking that chains like McDonalds , Burger King , Wendy's and Yum Brands (which holds KFC and Taco Bell) boost their minimum hourly pay to $15/hour. Meanwhile, the saga between Wal-Mart and the D.C. City Council continues with Mayor Gray having 10 days from Aug. 30 to sign or veto legislation which requires Walmart to pay a minimum wage of $12.50/hour while other employers are only required to pay the D.C. minimum wage of $8.25/hour. The Income Gap In 1980, wage earnings as ... Read More

Tags: Hidden Inflation Slows Growth, Holds Down Wages,  Kfc Latest News