Hearing of the Committee on Labor and Human Resources United States Senate
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| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Hearing of the Committee on Labor and Human Resources United States Senate: One Hundred Third Congress Second Session, July 22, 1994 The committee met, pursuant to notice, at 10:25 a.m., in room SD - 430, Dirksen Senate Office Building, Senator Edward M. Kennedy (chairman of the committee) presiding. Present: Senators Kennedy, Pell, Simon, Wellstone, Wofford, Kassebaum, Coats, Gregg, and Hatch. Opening Statement of Senator Kennedy The Chairman. We will come to order. We meet this morning to consider the flagrant discrepancy between the health benefits provided by two maior U.S. corporations for their workers here at home compared to the benefits they provide to their workers abroad. Simply put, these companies are applying an unacceptable double standard. The disparity is shocking. In Germany and Japan, Pizza Hut and McDonald´s contribute 50 percent of the cost of employee health insurance, but according to a recent report by the Health Care Reform Project, they pay far less to cover their workers here at home. It might be understandable if foreign corporations were exploiting American workers; but these two corporations are quintessential American - as American as pizzas and Big Macs. These American companies are working hard to make sure that their American workers do not get a fair slice of the pie, or the burger. They do not want to give American workers the kind of health benefits they give to their employees abroad, or their executives here in the United States. Together, McDonald´s and PepsiCo, Pizza Hut´s parent, made nearly $3 billion in profits last year. Their CEOs received more than $5 million in compensation. But they claim they cannot afford to contribute their faire share of the cost of health insurance for workers who barely make more than the minimum wage. They claim that a program of employer-employee shared responsibility for health insurance will force them to cut jobs. Yet the Health Care Reform Project suggests that business is booming in the countries where Pizza Hut and McDonald´s insure their workers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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