By Ben Levine for Kapitall.
Amidst growing media attention devoted to the
ever-widening income gap in the United States, some of those
left behind have decided to take a stand.
Hundreds of fast-food workers from across the country assembled
in a Chicago suburb over the weekend to
advocate for a minimum wage hike
. For some strange reason, people get upset when they don't get
enough to live
, a site compiling reviews and information about the nation's
larger employers, average wages for some of the biggest fast-food
chains break down in the following way:
pays around $7.90 per hour,
) each pay around $7.80, and
) each pay around $7.70 for entry-level employees.
The movement of employees that gathered in Illinois over the
weekend suggests something a bit more livable: $15 an hour.
While there is naturally quite a bit of
for such a bold number, and for the idea that people
should be able to earn enough to house, feed and clothe their
families, there appears to be a case for a minimum wage increase
outside of simple decency.
) announced plans earlier this year to increase their minimum wage
from $9 to $10, and claims to have since seen a
10% increase in applicants
. This, in turn, gives them a wider pool from which to choose
better employees. What's more, a recent study shows that of the 13
states that raised their minimum wages in 2014,
all 13 saw stronger employment growth
than the other 37.
While too great of a hike could hurt fast-food companies' bottom
lines, it seems that a reasonable hike could have unforeseen
effects that may just help the economy and, potentially, the
companies that fought hard and early for reasonable wages.
Do you think minimum wage increases could help fast food in
the long run, or could they hurt their profits? Use the tools
below to begin your analysis, and let us know what you think in
Click on the interactive chart to view data over
1. Burger King Worldwide, Inc.
): Burger King Worldwide, Inc., together with its subsidiaries,
operates and franchises fast food hamburger restaurants under the
Burger King brand name. Market cap at $9.31B, most recent
closing price at $26.50.
2. McDonald's Corp.
): Operates as a foodservice retailer worldwide. Market cap at
$96.43B, most recent closing price at $96.50.
3. The Wendy's Company
): Operates as a quick-service hamburger company in the United
States. Market cap at $3.92B, most recent closing price at
4. Yum Brands Inc.
): Operates quick service restaurants in the United States and
internationally. It operates in six segments: YUM Restaurants
China, YUM Restaurants International, Taco Bell U.S., KFC U.S.,
Pizza Hut U.S., and YUM Restaurants India. Market cap at
$32.7B, most recent closing price at $74.04.
(List compiled by Ben Levine. Analyst ratings sourced from
Zacks Investment Research. Employee wage date sourced from
Glassdoor. All other data sourced from Finviz.)
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