CEOs

Posted: July 14, 2014
By: Clay Cerny

Recently I posted on a debate between union leaders and restaurant owners over the minimum wage. That debate focused on what workers earn. Laura Clawson of Daily Kos flips the question: Let’s look at the earnings of restaurant CEOs. Between 2006-2013, incomes of large corporate restaurant CEOs increased from 621% ratio to the minimum wage to 721%. Clawson notes that these well-paid CEOs often hire well-paid lobbyists to sell their sob stories. As I noted in my last post on this topic, a business person who owns a hot dog stand or small restaurant might have a different argument. CEOs of large corporations can’t make the same claim. They have taken raises and bonuses while their employees have been forced to apply for food stamps and Medicaid. America needs a raise.