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October 16, 2013

Report: Fast Food Workers' Reliance on Aid Costs Taxpayers $7 Billion Annually 
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In economic news, new research shows more than half of low-wage workers
at fast-food restaurants rely on public assistance to survive — a
rate double that of the overall workforce. According to researchers at
the University of California, Berkeley, low wages in the fast-food
industry cost American taxpayers nearly $7 billion every year —
that is more than the entire annual budget of the Centers for Disease
Control and Prevention. A companion report by the National Employment
Law Project found Mc Donald's alone costs Americans $1.2 billion
annually by paying its workers insufficient wages. Last year the top 10
largest fast-food companies alone made more than $7.4 billion in
profits.

 

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