iBankCoin
Joined Nov 11, 2007
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Your Tax Dollars at Work

Corporate welfare come in many forms, but this is one you might not have expected….

“The fast-food industry is one of the nation’s largest employers of low and minimum wage workers. According to one group, often the industry workers’ pay is not enough and many turn to government programs for assistance. In fact the group calculated the largest of these companies, McDonald’s, cost U.S. taxpayers close to $3.8 billion each year.

According to the National Employment Law Project’s (NELP) newest report, because the fast-food industry pays its workers less than a living wage, U.S. taxpayers must foot the bill in the form of the public assistance programs these workers must use to get by. McDonald’s alone, according to the group, cost taxpayers $1.2 billion last year. Based on NELP’s estimates, 24/7 Wall St. reviewed the annual costs of providing public assistance to low wage employees working at the seven largest publicly traded fast-food companies.

“What this report shows,” explained NELP policy analyst Jack Temple, “is that whether or not you work in the fast-food industry or eat fast-food, the industry is costing you….”

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