BUSINESS
06/27/2013 04:19 pm ET | Updated Jul 02, 2013

Restaurant CEOs Are Paid 788 Times More Than Their Minimum Wage Workers: Analysis

AP

In just one morning, a CEO at one of America's biggest restaurant companies makes more on average than what one of his minimum wage workers earns in an entire year.

That's one finding of a study released Thursday by the Economic Policy Institute, a left-leaning think tank. CEOs in the restaurant and hospitality industry earn nearly $12 million a year on average, according to the study. That's 788 times more than the $15,080 made by minimum wage hospitality workers.

Here is a chart that illustrates the stark divide between worker and CEO pay in the restaurant industry:

restaurant ceo pay

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