Two stories broke the same week: the CEO of McDonald’s announced that 10% of its employees would get a raise from $9 to $10 an hour; the CEOs of big retailers and restaurants, on the other hand, earn $5,859 per hour.
LOS ANGELES TIMES CARTOON: Cal Bunker
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I draw cartoons for The Los Angeles Times about issues related to California and the Southland (metro Los Angeles).
This week: The hiring of former Homeland Security Secretary Janet Napolitano as president of the University of California prompts a debate over whether or not to be more transparent.
Big Raises – for the CEO
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According to a study by UC Berkeley, 95% of income gains since 2009 went to the top 1%. Which makes one wonder: where is the incentive for the 99% to bust their asses working for the man?