Shareholder Value and Real Estate

Fast food workers around the country are rebelling at wages bordering close to the minimum wage and the fast food companies threaten to automate more of their systems and eliminate workers so their message to workers is take it or leave it.

Then you examine some numbers provided by the New York Times over the weekend—most workers who earn between $7.25 and $10 an hour (about 66% of the total) are employed in three industries—retail, leisure/hospitality (including food service) and education or health services. And these industries are the ones generating much of the nation’s jobs growth today. And according to the Economic Policy Institute 20% of American workers or approximately 28 million people earn less than $10 an hour.