[We've always thought that the way out of poverty is hard work. Not so fast there. The way out of poverty is hard work at a living wage job. Those jobs aren't nearly as available as many of us surmise. In fact, more and more people are working hard and slipping deeper into poverty. It's more accurate to say that the way out of poverty is two, full-time jobs! Read the following report. You'll see what I mean. LJ]
McDonald's Can't Figure Out How Its Workers Survive on Minimum Wage
In a financial planning guide for its workers, the company accidentally illustrates precisely how impossible it is to scrape by on a fast food paycheck.
Well this is both embarrassing and deeply telling.
In what appears to have been a gesture of goodwill gone haywire, McDonald's recently teamed up with Visa to create a financial planning site for its low-pay workforce. Unfortunately, whoever wrote the thing seems to have been literally incapable of imagining of how a fast food employee could survive on a minimum wage income.
As ThinkProgress and other outlets have reported, the site includes a sample budget that, among other laughable assumptions, presumes that workers will have a second job.
Read the entire report here.