Early last week the Internet was abuzz with a new, but clever concept called the “bad boss tax.”
Conceptualized by TakeAction Minnesota, the bad boss tax would impose a fine on billion-dollar corporations with employees that rely on government assistance.
While the future of the bad boss tax is uncertain, the number of employers paying wages so low that they inadvertently shift the financial burden to taxpayers is extensive.
Below, we’ve compiled the top three “Bad Bosses” below.
According to the Bureau of Labor Statistics, fast food workers, on average, make about $18,880 a year. According to the living wage calculator, that’s barely enough to keep one person from poverty, let alone a family.
What’s more, many McDonald’s workers report to only making the minimum wage, as low as $7.25. That number, compared to the CEO’s $13.8 million compensation is one of the many reasons why McDonald’s landed on the list.
Worker pay at the Golden Arches, due in part to franchising, is varied. But one thing is for sure, across the board employees are fed up. Yesterday the National Labor Relations Board (NLRB) ruled that McDonald’s could be accountable for the string of low wage lawsuits that it’s been slammed with in the past year.
The past year has been rocky for the billion-dollar corporation. Protests over low pay, the right to unionize and unfair treatment have been brewing for months and in May workers across the world banded together for a global protest. Additionally, workers protested in front of the fast food giant’s corporate headquarters during the annual shareholders meeting.
On average, workers at Walmart are paid $8.81 an hour. An employee working 34 hours a week only makes $15,576 annually, far below the federal poverty line for a family of two or more. Keep in mind that Walmart CEO compensation was estimated to be around $20.7 million while revenue is nearly $500 billion.
Perhaps as a direct result, it was recently reported that Walmart’s low wages are costing taxpayers nearly $6.2 billion for public assistance services such as Medicaid, food stamps and housing. That means that one of America’s most profitable businesses relies on taxpayers to support their employees.
Low wages run rampant at YUM!, the owner of KFC, Taco Bell and Pizza Hut, with many workers making less than $8 an hour. Aside from it being an unlivable wage no matter where you’re from, YUM! has about 900,000 employees, many of whom need to have their wages subsidized by hard working, middle-class taxpayers.
Despite its CEO (name?) making $14.2 million (over what year) and its employees making poverty level wages, YUM! isn’t shy about its opposition to raising the minimum wage. On several occasions the fast food giant has lobbied to keep the minimum wage where it is, despite its CEO making 1,000 more than many of his employees.