Companies Paying Americans the Least

24/7 Wall St.

payoffIn the wake of mounting protests from labor groups, numerous U.S. localities have approved minimum wage increases, including two of the nation’s largest cities, Seattle and San Francisco. Yet, especially among many of America’s largest employers, the remarkably low wages of most workers are in stark contrast with the compensation of shareholders and executives. And while the average hourly earnings of an American worker was $24.53 as of September, these companies pay most of their workers far less.

Companies that pay employees the least tend to be part of one of three industries: retail, restaurant chains, and grocery stores. According to Arun Ivatury, campaign strategist at the National Employment Law Project, “These industries have embraced a low-wage business model. Their way of doing business is trying to squeeze as much out of their employees as they can, while paying them as little in wages and benefits as possible.” These industries…

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