Who Can Withstand the 'Unhappy Meal' Strike?

The "Unhappy Meal" fast-food-worker strike is gaining momentum. This isn't surprising, as it is getting increasingly difficult to get by on wages of $7 per hour, at least in the U.S. (It would work in China or Africa.)

It is not news that real wages have been declining for the bottom 95%. The chart below illustrates that a generational trend of reduced wages is -- as one would expect -- coexisting with a generational trend of increasing corporate profitability. Ironically, only the great recession interrupted the trend in wage declines -- but the trend then resumed, along with increased joblessness. Sigh....475 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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