Subminimum Wage Investor Dataset

Want to work for economic justice? Organize, protest, vote, and spend with intention.
Stop giving your investment dollars to companies that exacerbate economic inequities.

What is an investor dataset? Adasina works with Social Justice Partners to create and release data about the behavior of publicly traded companies. We partner with social justice organizations to identify the metrics investors can use to advance social justice movement goals. Where relevant data does not already exist, we work closely with Social Justice Partners to create a new dataset. We then publicize the dataset, integrate it into our own portfolios, and mobilize investors to influence companies and governments to change harmful practices that contribute to systemic injustice. See all of our current Investor Datasets here.

A COMPREHENSIVE DATASET FOR ECONOMIC JUSTICE

In 2020, Adasina acted on the guidance of its Social Justice Partners to add a new Subminimum Wage (for Employees) screen and dataset to the Adasina Social Justice Investment Criteria. Subsequently, Adasina made the business case for ending the subminimum wage for employees, issued a corresponding Investor Statement, and launched an investor mobilization campaign to engage with publicly traded companies.

This groundbreaking collective investor action reached and was publicly referenced by national policymakers. The Investor Statement, which urges companies to stop this harmful corporate practice, is now backed by approximately 125+ asset managers and owners who collectively represent more than $1 trillion in assets. Please sign on if you haven’t already done so.

The Ending Subminimum Wage campaign carries the potential to positively impact the lives of over 14 million workers, primarily women, workers of color, and low-wage workers who are disproportionately and negatively impacted by the subminimum wage practice.

In 2022, Adasina supported our campaign partner One Fair Wage (OFW) to undertake a twenty-five-state strategy to pass fair minimum wage legislation. To date, fair minimum wage referenda have passed in all seven states where the issue has been put on the ballot.

For more updates on Adasina’s social justice campaigns and other ongoing initiatives, subscribe to the Adasina mailing list here.

Company Name Social Justice Investment Criteria Stock Ticker ISIN As of Date
ARAMARK CORPORATIONSubminimum WagesARMK US EquityUS03852U106002-27-2025
ARK RESTAURANTS CORPSubminimum WagesARKR US EquityUS040712101302-27-2025
BIGLARI HOLDINGS INC.Subminimum WagesBH US EquityUS08986R309302-27-2025
BJ'S RESTAURANTS, INC.Subminimum WagesBJRI US EquityUS09180C106202-27-2025
BLOOMIN' BRANDS, INC.Subminimum WagesBLMN US EquityUS094235108302-27-2025
BRINKER INTERNATIONAL INCSubminimum WagesEAT US EquityUS109641100402-27-2025
CANNAE HOLDINGS, INC.Subminimum WagesCNNE US EquityUS13765N107202-27-2025
CHEESECAKE FACTORY INCORPORATEDSubminimum WagesCAKE US EquityUS163072101702-27-2025
CRACKER BARREL OLD COUNTRY STORE, INC.Subminimum WagesCBRL US EquityUS22410J106002-27-2025
DARDEN RESTAURANTS INCSubminimum WagesDRI US EquityUS237194105302-27-2025
DAVE & BUSTER'S ENTERTAINMENT, INC.Subminimum WagesPLAY US EquityUS238337109102-27-2025
DENNY'SSubminimum WagesDENN US EquityUS24869P104902-27-2025
DINE BRANDS GLOBAL, INC.Subminimum WagesDINE US EquityUS254423106902-27-2025
FAT BRANDS INCSubminimum WagesFAT US EquityUS30258N105402-27-2025
FLANIGAN'S ENTERPRISES INCSubminimum WagesBDL US EquityUS338517105902-27-2025
KISSES FROM ITALY, INC.Subminimum WagesKITL US EquityUS497787101502-27-2025
KURA SUSHI USA, INC.Subminimum WagesKRUS US EquityUS50127T109702-27-2025
MADISON SQUARE GARDEN ENTERTAINMENT CORP.Subminimum WagesMSGE US EquityUS55826T102502-27-2025
MERITAGE HOSPITALITY GROUP INCSubminimum WagesMHGU US EquityUS59000K309502-27-2025
NOBLE ROMAN'S, INC.Subminimum WagesNROM US EquityUS655107100302-27-2025
ONE GROUP HOSPITALITY, INC. (THE)Subminimum WagesSTKS US EquityUS88338K103402-27-2025
PREMIER DEVELOPMENT & INVESTMENT, INC.Subminimum WagesPDIV US EquityUS74049P201102-27-2025
RAVE RESTAURANT GROUP, INC.Subminimum WagesRAVE US EquityUS754198109502-27-2025
RCI HOSPITALITY HOLDINGS, INC.Subminimum WagesRICK US EquityUS74934Q108502-27-2025
RED ROBIN GOURMET BURGERS, INC.Subminimum WagesRRGB US EquityUS75689M101802-27-2025
REGIS CORPSubminimum WagesRGS US EquityUS758932107102-27-2025
TEXAS ROADHOUSE, INC.Subminimum WagesTXRH US EquityUS882681109802-27-2025
THE WALT DISNEY COMPANYSubminimum WagesDIS US EquityUS254687106002-27-2025
WINGSTOPSubminimum WagesWING US EquityUS974155103302-27-2025
BT Brands, Inc.Subminimum WagesBTBD US EquityUS0557MQ206602-27-2025
Drive Shack Inc.Subminimum WagesDSHK US EquityUS262077100402-27-2025
First Watch Restaurant Group, Inc.Subminimum WagesFWRG US EquityUS33748L101702-27-2025
GEN Restaurant Group, Inc.Subminimum WagesGENK US EquityUS36870C104502-27-2025
Pacific Software, Inc.Subminimum WagesPFSF US EquityUS69482P205602-27-2025
Pinstripes Holdings Inc.Subminimum WagesPNST US EquityUS06690B107002-27-2025
Sodexo S.A. - Depositary Receipt (Common Stock)Subminimum WagesSDXAY US EquityUS833792104802-27-2025
Yoshiharu Global Co.Subminimum WagesYOSH US EquityUS98740Y302702-27-2025
iPic Entertainment Inc.Subminimum WagesIPIC US EquityUS46263D106302-27-2025
Data aggregation and list construction performed by Adasina Social Capital, in partnership with One Fair Wage.
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HOW TO USE OUR INVESTOR DATASETS

  • Talk to your financial advisor about how you’re invested.
    Consider excluding these companies from your portfolio or conducting shareholder engagement to urge them to end this practice.
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