fast food companies are costing taxpayers a tremendous amount of money
because they refuse to pay their employees a living wage which means that
you would not have to foot the bill and pay for their government programs
so just give you some ideas that there was a study done they looked at seven
different food chains and they found some really fascinating information I
want to share with you guys
let's first look at dominos the cost to US taxpayers
is 126 million dollars but the CEO makes 9.1 million a year
and the US restaurant workforce 73,000 that is their US work force the number
of people that work for the company
they generate about 1.6 eight billion in revenue and their net income is 112
million so basically dominoes guess only 33,000 people
that'll work for them they're also partly for working for us the tax person
wouldn't even know
rate so were paid up are there bill in diagnosis think up a slut appreciate it
now with a nine million dollars home
is CEO pay and this is just one company and
a lot of people make the argument that he look we really like our cheap fast
food
and if you increase the wages of these employees then
the companies are gonna take it out on us we're gonna have to pay more for the
food
well believe me you're paying more regardless because you have a big day
for these government programs
its it we use the high cost the low wages
because this from ok Wahlberg movie by bremer Phelps and
saving for wal-mart as it is for these fast food chains a
yea you got really really low cause but that's because one you're
your workers are suffering into their gonna have to go on your programs
and we'll wind up a porta by the way including this small
mom-and-pop shops there you go about our business with basically your government
subsidies
and then they got a then pay subsidies for wal-mart how much is that drive them
crazy
big business not only they oftentimes hurt their employees is that this is a
big business should be
around it said we should have a reasonable rules the big business
follows
right and but they also wind up hurting
small businesses and and that's why
I believe in the free market I think the free market should exist
in fact we don't have the free market we give all these advantages to these giant
corporations
that allows them to questioner small business competition
and then take taxpayer money to do so right but some conservatives and
libertarians would argue that
it's not a free market if you have regulations in place that if you just
get reno
minimum wage then the people who decide who they work for
as a result the corporations will have an incentive
to keep wages high yet now what they don't tell you about is how
all corporations are funding the politically campaigns
and allow the politicians to set the rules not just take away the regulations
that allows them to pollute etcetera
but also put in rules giving them tax advantages
and that's taxes coming out a our pockets and there is an
anybody in their right mind conservative liberal or libertarian
who should agree to that now I should note that domino's
is literally number seven on this list which means it's the better
all evils up sonic Dunkin Donuts Wendy's Burger King Yum Brands which
owns Pizza Hut Taco Bell KFC they all have similar practices where the CEO hot
pay
is extremely high the revenue and the profit is extremely high
but the employees get paid very little and the US has to pay for
these government programs number one on the list is actually McDonalds and I
want to reach you the numbers from that %uh
actually cost US taxpayers 1.2 billion dollars is
CEO compensation is 13 points seven million and their work force consists of
about
700 07850 people revenue
is 27.57 billion their net income is 5.47 billion
so there may be a tremendous amount of money especially in profit and
they just refuse to pay their employees a living wage if they didn't get the 1.2
billion dollars
in basically back-door subsidies from American taxpayers
they would still make a profit of over 4.2 billion dollars yup
so I could be suffering the just be paying what they're supposed to pay
right he said were made to pay for it whether you shop at McDonalds are you
don't shop at mcdonnell's
and there ain't nothing free market about that