Fast Food CEO who made 291 times minimum wage says raising minimum wage will only hurt you

[Miles Archer]

One fast-food CEO has a message for the workers toiling away in his industry: The minimum wage hike you’ve been clamoring for will only hurt you.

The consequences of raising the minimum wage include more youth unemployment, higher prices and increased automation, says Andy Puzder, the head of CKE restaurants, the parent company of Hardees and Carl’s Jr.

“Government needs to get out of the way,” Puzder told Yahoo! Finance in an interview Monday. “If government gets out of the way, businesses will create jobs and wages will go up.”

Puzder made $4.4 million in 2012, according to Forbes. That's about 291 times what a minimum wage worker makes in a year, if they're earning the federal minimum and working full-time. The average fast food CEO made 721 times what minimum wage workers took in in 2013, according to a recent report from the Economic Policy Institute.

http://www.huffingtonpost.com/2014/07/07/andy-puzder-minimum-wage_n_5563975.html

[HooptieWagon]

1. Cut his pay to minimum wage...

... and let him enjoy a life 291 times better!

[yeoman6987]

4. 4.4 million is much lower then I was thinking

Most of it is in stock so he probably takes home 1 million a year. That is still a nice chunk. Not Brad Pitt 20 million a movie pay, but pretty well. Why don't we look at movie stars. Certainly they are making over 500 times what the lowest wage earner makes. Why do they get a pass? How much does Brad pay his assistant? Would be interesting to find out.

[Earth_First]

5. Of that income that Brad Pitt makes annually...

There are at least 39 charitable organizations that he has donated personally to annually.

Several of those include: Not on Our Watch, American Foundation for Equal Rights, Doctors Without Borders, and Human Rights Watch.

I'll give that a pass.

The same cannot be said for a majority of these corporatist pigs.

[yeoman6987]

7. Oh brother

We don't have any idea what this other guy gives. And Brad was just an example. There are tons of other Actors that make a lot of money that are not as generous but yet get a pass.

[Earth_First]

8. So there are celebrities who are far less generous...

However the ratio of those who are in relation to those who aren't far make up for those who do not.

The same cannot be said about many CEO's in a similar charitable situation when compared to their peers.

By the way; here are your 'charitable' donations for Andrew Puzder:

http://www.opensecrets.org/usearch/?q=Andrew+Puzder&cx=010677907462955562473%3Anlldkv0jvam&cof=FORID%3A11

[yeoman6987]

10. Well I know that McDonalds which is blasted here a lot

gives a lot to the Ronald McDonald House.

[yeoman6987]

11. That is scary

He donates money, but to all Republicans....what the heck?

[Erich Bloodaxe BSN]

2. It can't hurt us any more than the fast 'food' already does. nt

[Brigid]

3. Sorry, Mr. Putz . . .

But we've been hearing this same song and dance for decades now. Not a word you've said is new. We're not buying it. Not when the evidence clearly shows otherwise. We're not as stupid as you wish we were.

[salin]

12. We were sold under W that more tax cuts and looser regs = booming economy

You got your tax cuts.

Your company got it's tax cuts.

You and your company got some relaxed regulations.

Economy went bust - has been very slow to recover.

Your exorbitant pay blocks you from understanding your workers' plight - stagnant salary while the annual costs of living continue to accrue.

[conservaphobe]

6. With all due disrespect, fuck you Andy. nt

[Populist_Prole]

9. Curious dichotomy

On one hand the meme from the plutocrats is that bosses require more money to provide motivation to work ( more ). Then they turn around and say employees should be paid less as this would motivate them to work ( more )

Sounds classist to me.