[donquixote99]

Randists Quash Minimum Wage Increase

The parent company of some of America’s largest fast-food chains is claiming credit for convincing Congress to exclude a $15 minimum wage from the recent COVID relief bill, according to internal company documents reviewed by The Daily Poster. The company, which is owned by a private equity firm named after an Ayn Rand character*, also says it is now working to thwart new union rights legislation.

The company’s boasts come just a few months after a government report found that some of its chains had among the highest percentage of workers relying on food stamps.

Inspire Brands — which owns Jimmy John’s, Arby’s, Sonic, and Buffalo Wild Wings, plus recently acquired Dunkin’ Donuts for $11.3 billion in November — on Thursday sent employees and franchisees a review of its government lobbying activity that highlighted its success in keeping the $15 minimum wage out of Democrats’ American Rescue Plan, the COVID-19 relief bill President Joe Biden signed earlier this month.

[emphasis added]

https://www.jacobinmag.com/2021/03/f...J9o6jDDNEpEQsI

* "Inspire Brands is majority owned by Roark Capital — a $23 billion private equity giant named after the self-centered protagonist of the Ayn Rand novel The Fountainhead, which is considered a foundational conservative text for the defense of billionaires and economic inequality."