McDonald’s, I Need a Job, But Can I Get 40 Hours With That?
I love McDonald’s…for all the wrong reasons. Their cheeseburgers are cheap, but include gobs of saturated fat the human tongue loves. McDonald’s fries are the best because they taste great and satisfy my appetite; however, those extra carbohydrates result in extra weight, increasing my risk for heart attacks and strokes. Never mind excessive salt that raises my blood pressure, I’m sure I’ll run that off after consumer my super-size combo meal. And who can deny an extra-large drink of soda for a dollar? Not me. I would argue those 70-100 grams of sugar with an insane concentration of caffeine only make me more alert-at least until I come down off that caffeine high 15-30 minutes later. Anyway, who cares? The McDonald’s food selections are cheap, tasty, fulfilling, and prepared in less than 5 minutes.
Yet, I don’t love McDonald’s for its pay scale practices nor its workweek scheduling. According to an article written by the Associated Press, McDonald’s is reportedly hiring 50,000 new employees, increasing its service staff by 7 percent. The new workers will be offered a whopping $7.25 per hour to make the food Americans seem to love. Assuming a standard 40 hour work week, an average employee will earn $15,080 annually, which is hardly enough to support a growing family of 1 wife and child. More importantly, this annual salary can barely cover health insurance premiums, maximize 401k savings, or purchase a college education for your child.
However, the best benefit of the McDonald’s employee pay plan is the fact its average employee will be scheduled for only 18 hours weekly, not the standard 40 hours as expected. Why, you ask? Because Mickey D’s doesn’t have to pay for health insurance for part-time employees. In fact, by scheduling its new workforce just below the part-time health insurance hourly minimum, which is conveniently 20 hours weekly, McDonald’s minimizes its variable costs per employee, but maximizes its potential profit for McDonald’s shareholders-including its CEO, who clears 9 million in annual salary.
Gotta love capitalism. If case you haven’t realized yet, now would be a good time to grab your children and encourage them to consider careers and starting businesses in areas of science, technology, and engineering. I assert the gap between the affluent and America’s working class, which is predominately African-American, will only widen in the years to come. Therefore, find a mentor, study hard, and develop the habit of sustaining your yourself in this struggling economy. Else, you too could end up socioeconomically depressed, working 18 hours weekly, for 7.25 per hour at McDonald’s.
Until next time,