McDonald’s Employee Budget Planner Assumes 2 Jobs at $13 an Hour
McDonald’s (MCD) workers need two jobs to make ends meet.
Such is the assumption of “Practical Money Skills,” a budgeting guide created by Visa Inc. and Wealth Watchers International for McDonald’s Corp. employees. A sample budget assumes workers with two jobs earn $2,060 a month, or $12.88 an hour, for a 40-hour week. U.S. fast-food cooks, on average, make $9.03 an hour, the Bureau of Labor Statistics said in March.
In recent months, industry workers have gone on strike in cities across the U.S., including Chicago and New York, to protest for higher wages. In April, employees from McDonald’s, Dunkin’ Donuts, and Subway restaurants walked off the job and marched in the Chicago Loop and near the Magnificent Mile shopping area to call for $15-an-hour pay.
Heidi Barker, a spokeswoman for Oak Brook, Illinois-based McDonald’s, didn’t immediately respond to a request for comment.
The budget journal, available in English and Spanish, features McDonald’s golden arches logo. A disclaimer at the bottom says McDonald’s “does not endorse or control this program, but permits Wealth Watchers International and Visa Inc. (V) to make this offer available.”
The sample budget assumes workers are left with $800 a month in spending money after expenses, which includes $600 on housing and $100 in savings.
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