“I am a supporter of the minimum wage going up.” – Starbucks CEO Howard Schulz
(The following excerpt taken from Ten Companies Paying Americans The Least by Michael B. Sauter, Thomas C. Frohlich, and Alexander E.M. Hess was posted on huffingtonpost.com on November 16, 2013. To view it in its entirety click on the link below.)
This summer, thousands of fast-food workers in the United States went on strike in cities across the country, demanding their wages be increased to $15 an hour and the ability to unionize. To no one’s surprise, they didn’t get it. As of 2012, an estimated 4.7% of hourly workers are paid at or below the federal minimum wage of $7.25 an hour. According to several groups, low- and minimum-wage workers are growing faster than any other group of earners.
Meanwhile, profits at many of the corporations that employ the most minimum-wage workers have risen. McDonald’s, Walmart and Target together employ several million Americans. While these companies’ profits have grown in recent years, most of their workers continue to earn low or minimum wages. 24/7 Wall St. identified the 10 companies that employ the most low- and minimum wage workers.