Thursday, May 22, 2014

Epic Research Singapore : McDonald Market News Update

Police on Wednesday arrested more than 100 demonstrators seeking better pay for McDonald's workers as protesters swarmed the fast-food chain's corporate campus near Chicago to demand a minimum wage of US$15 an hour and the right to unionise.

The latest protest against McDonald's Corp, the world's biggest restaurant operator by revenue, came a day ahead of a shareholder vote on executive pay, including that of Chief Executive Don Thompson, who earned total compensation of US$9.5 million in 2013.

Frequent rallies by low-wage restaurant and retailer workers have helped fuel a national debate on pay inequality at a time when many middle- to low-income Americans are having trouble making ends meet.
Jessica Davis, a 25-year-old McDonald's crew trainer with two children, said CEO Thompson is earning his millions on the backs of working mothers and fathers. "We need to show McDonald's that we're serious and that we're not backing down," said Ms Davis, who works at a Chicago McDonald's and earns US$8.98 per hour.

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