McDonald's Can't Figure Out How Its Workers Survive On Minimum Wage - Yahoo! Finance

McDonald's Can't Figure Out How Its Workers Survive On Minimum Wage - Yahoo! Finance

They live at home with relatives or with friends, or in substandard conditions.  That is how they survive on a McDonald's wage. Embarrassing to McDonalds.It is especially embarrassing when the assumptions of wages are way higher than lots of McDonalds' employees really make.

Many work part time or only one job. The website assumes a much more rosy scenario of the people working two jobs. McDonalds' as a company is sort of a joke when it comes to employees and how they are treated.

Comments

Post a Comment

Popular posts from this blog

Gary Anderson's Talkmarkets Articles by Subject

Image
I have written a lot of vetted articles that are exclusive** to Talkmarkets. Sorting a portion of them by subject will give the reader an opportunity to make sense of it all. I am adding a glossary of terms at the bottom of this page.

For readers interested in economic subjects of the day, these top 30 themes are my efforts to make understanding economics easier:

I have pinned the following article to the top because it is an insight into my personal life, as well as a commentary on isms. Capitalism is still the greatest system for creating wealth. However, it is often mixed, and mixturism is a factor in its success or failure:

Dangerous History Repeats

1. China! 


Trump May Be Wrong About Winning a Trade War
Keynes and Trump Tariffs
The Achilles Heel of Trump Tariffs
Trump's Punishment of China: The Start of a Radical Rejection of Foreign Capital?

Scott Sumner Destroys Financial Times Fear of China

Is the USA Too Weak to Let China Succeed?

2. Housing and AI Bubble Causes:


Fed Premeditated Mis…
Read more

The Poison of Trump Comes From Murray Rothbard, Fascist Divider

There is further study in the articles I have cited for you at the end of this article. People must, must understand that Donald Trump is a divider of races and ethnicity, because at heart he is a fascist. Fascism seeks the purity of the races. Fascism is the opposite of what America stands for.  Keep in mind that Donald Trump is highly influenced by Anarcho Capitalist, Murray Rothbard. This is an email I sent to an author online. It is slightly muddled, but overall quite accurate in its assessment of Libertarian Murray Rothbard:

Hi Steve,
I agree with your article on Rothbard, mostly. However, as a British court ruled, Zionism is not the essence of what it means to be Jewish. Therefore, I hate antiSemitism, and embrace antiZionism. I have both religious and non religious reasons for taking this stand. And the court absolves me of racism. After all my natural father was Jewish. And more and more Jews hate Zionism. And Zionism is quite multiracial at this point.
So, Trump actually is …
Read more

John Mauldin Discusses What Could Go Wrong

This article was first published by me on Talkmarkets: http://www.talkmarkets.com/content/bonds/john-mauldin-discusses-what-could-go-wrong?post=118623&uid=4798

John Mauldin published an article regarding the economics of Donald Trump. I share many of his views. I think the article deserves to be discussed further.

It isn't as if John Mauldin is happy with the continual drive toward negative yields and the new normal. I believe he is like many, willing to fight for higher interest rates within reason and within the economic boundaries that exist. He is on board with the Fed, unlike other central banks, and is willing to risk recession to avoid negative rates:

Meanwhile, the Fed is in the middle of a long-overdue policy turn. There’s still a risk that they will find they started tightening just in time for a recession, which is also long overdue. I was convinced last summer that they would push rates negative in that scenario. Negative rates could yet happen, but I think they wi…
Read more