NEW YORK ( TheStreet) -- On Thursday, Aug. 29, fast-food chain workers conducted strikes in nearly 60 cities asking that chains like McDonalds (MCD), Burger King (BKW), Wendy's (WEN) and Yum Brands (YUM) (which holds KFC and Taco Bell) boost their minimum hourly pay to $15/hour.Meanwhile, the saga between Wal-Mart (WMT - Get Report) and the D.C. City Council continues with Mayor Gray having 10 days from Aug. 30 to sign or veto legislation which requires Walmart to pay a minimum wage of $12.50/hour while other employers are only required to pay the D.C. minimum wage of $8.25/hour.
Hidden Inflation Slows Growth, Holds Down Wages
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