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Minimum Wage Pros And Cons Essay

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Minimum Wage Pros And Cons Essay
The Demonstrations in Oak Brook, Ill. Are a reminder of the growing econimc inequality in America. At McDonald’s, workers making the federal minimum wage earn $7.25 an hour, while those in Illinois take in $8.25 at the state’s minimum wage. By contrast, McDonald’s CEO Don Thompson made approximately 9.5 million last year, which means it would take a minimum wage worker more than a million hours of work to earn Thompson’s annual salary.
The average Fortune 500 CEO in the United States makes more than $12 million per year, which is nearly five million dollars more than the amount for top CEOs in Switzerland, where the second highest paid CEOs live, more than twice that for those in Germany, where the third highest paid CEOs live, and more than
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