How Many Months it Takes an Average Worker to Earn What the CEO Makes in an Hour
It takes the average McDonald’s worker seven months to earn what its CEO makes in just a single hour.
Personal finance website Nerd Wallet took it upon itself to calculate the pay disparity (using Glassdoor and annual company statements) at over 100 fast food and retail companies, and then highlight the 10 companies that paid their CEOs the most. By estimating total CEO compensation—which includes not just an executive’s salary, but also stock options, bonuses, etc.—Nerd Wallet managed to output an approximate hourly wage for these top execs and pit them against the $7+ that typical fast food and retail employees make.
The calendar graphic above makes it clear just how extreme these disparities are.
Such discrepancies have caused a lot of uproar. Thousands of fast food workers went on strike last week in the U.S. to protest low wages. Similar protests erupted back in August. US president Barack Obama pledged last month to support the Senate proposal to raise the federally mandated minimum wage from $7.25 to $10.10.
Top image: Demonstrators demanding an increase in worker wages march to a Jack in The Box fast food outlet in Oakland, California. (Noah Berger/Reuters)
This post originally appeared on Quartz, an Atlantic partner site.