I don’t know how much the tip jar and the value of health care offset the low wages at Starbucks. But surely they can do better.
The National Employment Law Project analyzed large companies whose employees are making minimum wage, or barely above. Overall, their 2012 report found minimum wage today is worth 30 percent less than it was in 1968.
Most of the 12 largest employers studied are national restaurant chains, such as McDonald’s, Burger King, and Starbucks. The others are national retailers, such as Wal-Mart, Target, and Sears.
Starbucks ranks seventh on their list. With a workforce of 176,533 and 12,903 stores in the U.S., Starbucks had revenue of $13.3 billion and net income of $1.4 billion. CEO Howard Schultz earned $16.1 million in compensation.