McBroke: Low-Wage Budget for McDonald's Workers Doesn't Add Up

Tuesday, 16 Jul 2013 10:58 AM

By Alexandra Ward

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
McDonald's new "Practical Money Skills Budget Journal" makes it glaringly obvious that it's almost impossible to live off the low wages the fast-food chain pays its employees. 

Together with Visa, McDonald's published the log to help employees tally their monthly expenses and budget accordingly. But the assumptions of what basic necessities like heat, healthcare, and food cost per month are ridiculous, The Daily Beast's Daniel Gross writes. 

Editor's Note: Don't Miss These Free Government Giveaways

First of all, the handbook assumes a monthly income of $1,105 from a person's "1st job," which is calculated off a 35-hour week schedule. It also lists a second income of $955 per month from a "2nd job" that requires another five to six shifts a week.





"Once the employee is working 75 to 80 hours a week, it’s a relatively simple matter of budgeting," Gross writes. "Some of the lines sound reasonable: $600 a month for rent, $100 a month for car and home insurance, $100 a month for cable and phone. But some of the suggestions are banoodles. Presumably these employees must all live in Hawaii, because the suggested monthly cost of heating is... zero. The line for health care is $20 a month, which is enough to pay for a bottle of aspirin — and a couple of days of health-insurance coverage each month."

McDonald's and Visa also apparently assume that a person on this fantasy budget need not eat, as there is no line for groceries or food. Gross thinks the journal is "clueless and more than a little condescending."

"People who live on chronically low incomes know all about budgeting. And the best way to improve employees' financial standing doesn’t require the construction of a Web-based tool," he wrote. "Employers just have to pay them a little more."

Editor's Note: Do You Support Obamacare? Vote in Urgent National Poll

Related stories:


Breakfast After Midnight Coming to McDonald's 24-Hour Locations

Customer Service at McDonald's 'Broken,' Company Exec Tells Franchisers

McDonald's Promoted on Hacked Burger Ling Twitter Account  

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cowardly Lion Costume From 'Wizard of Oz' Sells for $3M

Wednesday, 26 Nov 2014 08:03 AM

The iconic Cowardly Lion costume from the 1939 film "The Wizard of Oz" was sold for more than $3 million at auction in N . . .

2 FBI Agents Shot During Second Night of Ferguson Area Violence

Wednesday, 26 Nov 2014 07:38 AM

Though the incident was "not directly related" to racially charged unrest in and around nearby Ferguson, two FBI agents  . . .

HBO's Scientology Documentary Requires 'Probably 160' Lawyers

Wednesday, 26 Nov 2014 06:50 AM

HBO is examining the Church of Scientology in a new documentary based on Lawrence Wright's book "Going Clear," and has h . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved