5 Ways Labor Stoppages Can Cost You

Strikes might lead to progress, but they come at a price

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5 Ways Labor Stoppages Can Cost You

A Bite to Eat

burger king 185 5 Ways Labor Stoppages Can Cost YouIf you wanted a McDouble or Crunchwrap Supreme in New York City last week during your lunch break … well, you were out of luck. Why? Employees at McDonald’s (NYSE:MCD), Burger King (NYSE:BKW), Domino’s (NYSE:DPZ), Yum! Brands (NYSE:YUM) Taco Bell and KFC, Wendy’s (NASDAQ:WEN) and Papa John’s (NASDAQ:PZZA) organized as a challenge to low industry wages and limited hours.

The median hourly wage for food service and prep workers is only $8.90 an hour in the city, according to the New York Department of Labor, while many workers make minimum wage.

It didn’t just cost many hungry New Yorkers lunch, though; it also cost many fast-food bosses some peace of mind. The strike was groundbreaking for the industry, as unionization and collective bargaining has historically been difficult since chains have countless different owners.

Between increased support and the fact that workers have found they can publicly strike and keep their jobs (protesters returned to work the very next day), many suspect it is just the beginning. One reporter was quoted as saying that the protests “scared the heck out of the bosses.”


Article printed from InvestorPlace Media, http://investorplace.com/2012/12/5-ways-labor-stoppages-can-cost-you/.

©2014 InvestorPlace Media, LLC

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