Congratulations Disney! Click here if you think the minimum wage should be raised everywhere!
According to an analysis by Wider Opportunities for Women, a non-profit advocacy organization aimed at boosting low-income women and families, It takes $10.20 per hour to survive in America’s cheapest county.
According to the Center for Economic and Policy Research, if minimum kept up with increased worker productivity, the minimum wage should be $21.72 per hour.
In 2011, Disney’s CEO Robert Iger took home 52.8 million dollars. Which is almost $6,849.32 per hour.
And Disney had a revenue of $45B (x) in 2013, a market cap of $103.96B and employs only 166,000 people.
If Disney paid all of those 166,000 people 21.72 and hour for 40 hrs a week it will only cost Disney $6, 922,598,400 so almost $7 B, and if you take the $129 million expenses into consideration, they will have $37+ B left over for whatever. Here is what you can buy with just $1 Billion.
So no, I will not be congratulating Disney on anything and neither should anyone.