Summer Sale! Get unlimited digital access for 13 weeks for $13.
Readers Respond
News Opinion Readers Respond

Cutting CEO pay won't raise worker wages

Robert Reich misleads readers by contrasting the pay of McDonald's and Yum Brands hourly employees with their respective CEOs in his recent commentary ("Jobs are coming back, but they don't pay enough," Aug. 28).

Neither corporation is primarily in the restaurant management business. Rather, over 80 percent of both Yum and McDonald's locations are owned by franchisees. The economics they face are sharply different than the editorial suggests. For instance, a $15 wage mandate would wipe out more than three-quarters of the already-small profit earned by a typical McDonald's franchisee.

Even at restaurants that aren't franchised, targeting executive pay makes little sense: Even redistributing 100 percent of the pay of the CEOs of the country's largest restaurants would give employees a raise of less than one cent per hour.

Michael Saltsman, Washington, D.C.

The writer is research director of the Employment Policies Institute.

Copyright © 2015, The Baltimore Sun
Related Content
  • Drop in school ratings should be of greater concern

    The article about the results of the new report of the school ratings blew my mind ("Fewer schools get top ratings," Aug. 28).

  • E-cigs ought to be regulated

    E-cigs ought to be regulated

    I want to applaud The Baltimore Sun for its recent editorial related to e-cigarettes ("Teens and e-cigarettes," Aug. 22). Allowing the use of e-cigarettes in public places undermines the effectiveness of our state's smoke-free law by exposing non-users to nicotine and other unknown and potentially...

  • Money alone won't solve Md.'s heroin problem

    Money alone won't solve Md.'s heroin problem

    In a recent editorial The Sun chose to ignore the many positives of Lt. Gov. Boyd Rutherford's interim heroin task force report and instead spent most of its energy misinterpreting and then harping on his seven-word remark about funding: "It's probably never going to be enough" ("Rutherford pleads...

  • Make a healthy harvest available to all

    Make a healthy harvest available to all

    I applaud Healthy Harvest's mission of finding a market for fresh and edible produce "rejects" ("Howard start-up targets food waste," Aug. 26).

  • Why are so many homicide victims black?

    Why are so many homicide victims black?

    I am shocked by your recent report that virtually all Baltimore City homicide victims are minorities ("45 murders in 31 days: Looking back at Baltimore's deadliest month," Aug. 29).

  • Renaming peak a wrong priority

    Renaming peak a wrong priority

    As usual and with his myopic view of issues, President Barack Obama chose to direct his foolishness to renaming Mount McKinley rather than the importance of energy issues in the United States ("Alaska-bound, Obama renames America's tallest peak," Aug. 31).

Comments
Loading
72°