this post was submitted on 14 Dec 2023
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That reminds me of this savings plan from 10 year ago that McDonalds and Visa created to show people how you can live on ~$20k per year:
They forgot to include food, among other wild inaccuracies. I love it when corporations give helpful savings tips.
Source
$20 month health insurance! They were really banking on Obamacare
My health insurance costs 842€ a month. I pay half of it, the other half my employer. So I am quite impressed with the $20 from the estimation.
But why do two jobs? Won’t people do a better job concentrating on one thing and getting $2000 for that, instead of gaining experience in two different areas at the same time?
It's because McDonald's was trying to make an excuse that paying people US Federal Minimum wage (7.25$/hr since 2009, it's still that in 2023) is enough to live on, and utterly failed, even while holding both a 40h a week and 30h a week min wage job. I guess they expect fast food employees to use to make their own fast food while they're there as their food budget.
It was a case in point in 2013, rent and all expenses are way up since then. People aren't going to make a living or have any savings at all, probably accruing more debt even with 2 jobs and less than the minimum of expenses.
Two jobs!?