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Jobs Are Coming Back, But Expect to Be Paid a McWage You Can’t Live On

Jobs Are Coming Back, But Expect to Be Paid a McWage You Can’t Live On

The unemployment stats were looking slightly less grim last week, as the administration announced a tenth of a percent decrease in the jobless rate.  There’s likely to be another decrease next month based on the current news that a large corporation will be hiring as many as 50,000 workers this month.

The downside? Not very many of these jobs will offer enough to live on.

CNN Business reveals that McDonald’s is planning a 50,000 hiring “spree” on April 19th, both full and part-time, crew level to management.  The hiring on that day alone will increase the workforce from 650,000 to 700,000, a nearly 8 percent increase.  But although some of the management positions may offer $50,000 a year, a majority of these hires will make an average of $8.30 an hour, or roughly $17,000 a year.

There’s a reason a fast food giant can hire so many people currently.  Wages have remained stagnant so long, and employment has been so grim, that low budget restaurants have been having record profits, cashing in on the need for cheap food for workers with no time to cook due to juggling jobs.  It’s good for the companies, whose bottom line is growing, but not so good for the people to whom these are the only jobs available as the economy “recovers.”

As the New York Times reports, the new economy is adding jobs in retail, fast food, health care and the hospitality industry, but these jobs are barely paying enough to keep a family afloat, much less help them become economically secure. 

According to ["The Basic Economic Security Tables for the United States"], a single worker needs an income of $30,012 a year — or just above $14 an hour — to cover basic expenses and save for retirement and emergencies. That is close to three times the 2010 national poverty level of $10,830 for a single person, and nearly twice the federal minimum wage of $7.25 an hour.

A single worker with two young children needs an annual income of $57,756, or just over $27 an hour, to attain economic stability, and a family with two working parents and two young children needs to earn $67,920 a year, or about $16 an hour per worker.

Of these tens of thousands of new jobs that will be added to the economy when McDonald’s hires in two weeks, few will offer a wage that will allow a single person to be economically secure.  And not even one of the jobs proposed would allow a parent to raise two children on its salary.

Jim Skinner, the CEO of McDonalds, earned $11.5 million in bonuses last year for keeping costs low and profits high.  That’s the equivalent of hiring nearly 670 fulltime workers at $8.30 an hour.

 

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67 comments

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6:46PM PDT on Jul 5, 2012

Check out Charlotte Isterbyt's book "the dumbing down of America" free. http://www.deliberatedumbingdown.com/

6:42PM PDT on Jul 5, 2012

Exporting jobs is part of the strategy of the 1%. They want to crash the economy so they can remake it the way they want it to be.

8:22AM PDT on Jun 14, 2011

What jobs? Where?

5:53PM PDT on Apr 23, 2011

once again the CEO's of these companies have more money than one person will ever need yet they can't stick a crowbar in their over sized wallets and up the minimum wage pay

6:30AM PDT on Apr 9, 2011

We are expendable, the corporate greed mongers and their Republican puppets will take away our health care, do away with Social Security, remove Medicare, take away education, and do away with collective bargaining, workers rights, and force us to work long hours for low pay. When we become sick/dosabled/old and cannot work we will be allowed to DIE (no heath care etc) because we no longer make them a profit. It takes money to support the old, sick, disabled, it cuts into the profit margin, therefore let those that are to old/sick/disabled die off, they will have plenty of fresh workers (they want to do away with birth control and planned family services to assure there are plenty of young workers for their sweat shops). Keep the people under educated and brain washed and they will be unable to stand up for themselves, making it so much easier to control them. THAT is why we are getting all the cuts to health care, education, planned family services, retirements...and bigger tax breaks for the Corporations and the wealthy. We don't matter to them, we are just "farm aninals" to be worked to death (literally) and replaced with younger/stronger/less educated slaves.

1:22PM PDT on Apr 8, 2011

If you don't think this was all in the making by Corp Amer your kidding yourself. They cause the job loss so when they bring workers back it will be at a pittance. More money for them. We are all disposable...in fact, I think they wish most of "we the people" would just go away AWAY if you catch my drift. I guess the wars they got going hasn't thinned out the herb enough for their liking.

2:50AM PDT on Apr 7, 2011

Looks like the Republican's agenda is working.... Soon we'll be the slave labor country making goods for the consumer driven economies of China and India.

4:03PM PDT on Apr 6, 2011

If the unions are busted, this is only the beginning of low paying jobs. BTW it was the republicans running for office (not Obama) who told us over and over they wanted to create jobs for "the American people" that Obama was unable to do. Sure they'll create jobs all right, but they never did say anything about wages, benefits or pensions and no one ever thought to ask.

More seniors than teens today are already employed by McDonalds.

12:35PM PDT on Apr 6, 2011

Not that employers shouldn't pay a fair wage; but when my family came to this country, both my parents worked 2 jobs, we lived frugally (no car, no tv, no designer sneakers), and we children were taught to save every spare penny. We didn't complain and we survive, grateful for the opportunities this country gave us; so maybe coddled Americans need to stop looking to the nanny state for a living.

11:30PM PDT on Apr 5, 2011

You just can't see that this is a black-out plan targeting a long term result: THE RETIRING FUNDS??!!! You'll work your whole life as slaves in misery with 17 grand, God nows how you'll do this, and finally they'll give you nothing when you'll consider to retire. And I suppose that McDo is only a forerunner for what will come. Many companies will follow this model. There'll be massive hiring plans paid with less money. You'll all have a job, but not as workers, just as slaves. It comes into my mind a horrible rumor that says there is a malefic plan, a global sized plan to reduce planet's population from 7 bill's to 1 billion inhabitants. And they say this is the comfort figure for Corporatocracy. The comfort figure sustainable by what remained from planet's natural few resources. Don't let you be part of this plan. Don't give them your acceptance for this humiliation, cause it will ruin your future. You are freemen, not slaves. Go somewhere else, in the nature, build a house of yours, make your own crops and food, don't let them kill your born or unborn children. SURVIVE!!!

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