5:29 PM on 07/22/2013
McDonald’s (click here) new suggested financial plan for its minimum wage employees not only leaves out necessary expenditures like food, child care, clothes and gas—it also suggests people go out and get a second job.
“McDonald’s is essentially conceding that in order for a minimum wage worker at its fast food stores to make ends meat, they have to rely on publicly funded subsidies like food stamps,” said advocate Tsedeye Gebreselassie to MSNBC’s Alex Witt Sunday.
“People are not humans, they’re just machines that are working. At $7.25 an hour that’s $15,000 a year, assuming one full time job. That’s nearly not enough to support yourself, let alone a family,” said Gebreselassie, a staff attorney at the National Employment Law Project.
McDonald’s, Walmart, and other big corporations posted record breaking profits over the past year—in some cases improving on their performances from before the recession.
Forbes Agrees.
7/22/2013 @ 3:08PM
...As Forbes contributor (click here) Laura Shin pointed out, the fast food firm’s sample budget assumed staffers were working two jobs, and surmised that health insurance costs $20 a month instead of the national average of $215 for an individual.
It also neglected to include child care, groceries, clothing or gas for the worker’s car. An early version of the controversial budget proposed that heating would cost $0 a month, leaving McDonald’s employees fresh out of luck from autumn onwards.
The fallout from McDonald’s blunder drew renewed attention to the ways fast food chains deposit their workers’ wages — often via high-fee payroll cards by budget co-sponsor Visa....
