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McDonald's has a new budgeting tool for its employees, but the advice on "Practical Money Skills for Life" is pretty laughable, critics are pointing out. The site, a partnership with Visa, is supposed to help these low-wage workers learn how to manage their money, ThinkProgress reports, but instead it illustrates just how hard—if not impossible—it is to get by on an average of $8.25 an hour.
Low wage employers generally don't care about your 2nd or 3rd job and won't schedule you around them. There are plenty of others ready to work the hours given at will.
I just saw a clip on the news last night about a 92 year old Iowa woman who works at a McDonald's. She wipes down tables and enjoys talking with the guests :-) . She seems to really enjoy it and has worked there for five years!
We shouldn't reward companies for actively corrupting our labor pool by offering only part-time work, in a scurrilous attempt to evade reasonable regulations regarding benefits for full-time workers.
I would love to see a law passed and vigorously enforced granting every non-exempt employee the right to claim the hours of any other employee with lower seniority, up to and including the hours that would make the senior employee a full-time worker with full-time worker benefits. Part-time positions should exist only when there aren't workers available to work full-time - they shouldn't exist to give a business the power to shift additional burdens onto the social safety net. There is nothing inherently better for the company, except in terms of evading reasonable regulations regarding benefits for full-time workers, from using part-time workers instead of full-time workers, when the latter are available.
McDonald's has a new budgeting tool for its employees, but the advice on "Practical Money Skills for Life" is pretty laughable, critics are pointing out. The site, a partnership with Visa, is supposed to help these low-wage workers learn how to manage their money, ThinkProgress reports, but instead it illustrates just how hard—if not impossible—it is to get by on an average of $8.25 an hour.
I just saw a clip on the news last night about a 92 year old Iowa woman who works at a McDonald's. She wipes down tables and enjoys talking with the guests :-) . She seems to really enjoy it and has worked there for five years!
Probably as a supplement to ss or out of retirement boredom.
Notice how they claim NET income of 2060 per month? What would be the gross income required to earn 2060/mo? 2400? If a worker had two part time jobs working 40 hours a week that grossed 2400 dollars they would be making 13.86 an hour at each part time job. In my area the McDonalds workers are making 8 dollars an hour.
Eight dollars an hour for 40 hours a week is 1386 a month. If the worker was able to work 68 hours a week they would gross the 2400 dollars. This would be very difficult since 30 hours/week is the obama care employer mandate cutoff. Could any worker expect 3 different employers to schedule allowing 68 hours a week ?
I just interviewed for a part time retail job yesterday with a hourly wage of 8.25 an hour. They didn't even ask about the bachelors degree I've had for 8 years. I feel the workers' of McDonalds pain.
It is just advice or a recommendation from an employer that knows that their wages are pretty difficult to raise a family on. I am sure that this isn't "news" to a McDonald's employee. If this was breaking news to them, then maybe that was the point of this "budgeting tool".
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Here where minimum wage is $9.19 most McD are paying $11-12 now, because the suburban area kids don't need the money and those living farther away can't afford the gas to get there on minimum wage.
Low wage jobs are not meant to support families, and never were. They are for students working part time or a second job for people making $20/hr that want to save up for a house or vacations.
Employers have a right to hire full time or part time, whichever is best for their situation, without the government telling them. Fast food simply doesn't work with all full time people, you need the flexibility to staff for busy periods.
Companies that change from full time to part time to avoid federal healthcare laws are working around the law, but they are doing so to survive, because people won't pay the prices they would have to charge if they paid meical for all their employees.
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