Posted inCapitalism / Economics / News / USA Empire / Worker

Fast-Food Workers’ Reliance on Aid Costs Taxpayers $7 Billion Annually

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 McDonald’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.

2013

[in reality, that profit is from not paying workers their salary. this is the capitalism trick of externalize cost.]

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