Wednesday, April 17, 2013

America’s Miserly Minimum Wage Needs an Upgrade » Counterpunch: Tells the Facts, Names the Names

America’s Miserly Minimum Wage Needs an Upgrade » Counterpunch: Tells the Facts, Names the Names
"America’s highest-paid CEO last year, John Hammergren of McKesson Corp., received compensation of over $131 million. That is the equivalent of about $63,000 per hour, or $10,000 more than the annual median household income in the United States. Meanwhile, some of this country’s lowest-paid workers—those on minimum wage—made just $15,080 annually at $7.25 per hour. Mr. Hammergren had surpassed that amount by 9:15 a.m. on his first workday of the year."