Workers in the fast food industry have every reason to be upset. As the National Employment Law Project detailed in a report earlier this year, some of the largest fast food chains — including McDonald’s, Kentucky Fried Chicken, Pizza Hut, and Taco Bell — are some of the largest employers of low-wage workers, but are making huge profits as the nation emerges from the Great Recession:
The three largest low‐wage employers in the United States – Wal‐Mart, Yum! Brands (the operator of fast food chains Pizza Hut, Taco Bell, and KFC), and McDonald’s – offer a revealing look at the resiliency of low‐wage employers in the post‐recession economy.
Each of these corporations was profitable during all of the last three fiscal years, and each of them now earns profits that are substantially higher than their pre‐recession levels.