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Economic Recovery?

In mid-April, McDonald’s announced that it was going to be dramatically increasing its workforce and put out a call for applicants.  “More than 1 million people applied for jobs at McDonald’s when it put out the call for applications last month; the chain hired 62,000. That 6.2-percent acceptance rate was lower than Harvard University’s for its class of 2014.”1  We have gone from a country where fast food jobs were reserved for the young, the uneducated, or the unskilled to a country where fast food jobs are becoming competitive.  This is not happening because these jobs are becoming better paying or more desirable; this is happening because they are often the only ones available.

This 62,000 number is gross and not net, of course.  A report by MarketWatch puts the net increase for McDonald’s at 25,000 to 30,000 jobs over the past month.2  Since 54,000 jobs were added nationwide in the last month, according to the Labor Department, this means that McDonald’s accounts for over half of last month’s total new jobs in America.3

Economic recovery?  No, more like, welcome to third-world USA.

Footnotes

  1. http://www.ajc.com/business/fast-food-jobs-in-965968.html ↩
  2. http://blogs.marketwatch.com/thetell/2011/06/03/mcdonald%E2%80%99s-and-other-may-jobs-fun/ ↩
  3. http://www.theatlanticwire.com/business/2011/06/how-much-was-mcdonalds-responsible-last-months-job-growth/38489/ ↩

— Thorin Reynolds

Thorin Reynolds grew up in South Carolina and now resides in Texas. He holds an MBA as well as an undergraduate degree in political science. A native southerner, he has ancestors who fought with the patriots in the American Revolution, with the Texans at the Alamo, and with the Confederacy in the War for Southern Independence.

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