Walmart Pay VS McDonald’s Prices: Can You Even Eat Fast Food Today?!
Can the largest employer's front-line workers afford a McDonald's meal today? It seems the answer is a sobering 'close call,' as McDonald's CEO Christopher Kempczinski recently highlighted significant inflation impacting low-income customers and their spending habits. Despite modest earnings growth for McDonald's, with revenue up 3%, the average Walmart front-line worker making $18 an hour struggles to fit even a $6 meal deal into their tight budget, dedicating only a fraction of their income to food after housing and transportation. This stark reality means a family of four could spend over $1400 a month on just two McDonald's meals a day, far exceeding their food allocation. Furthermore, an ominous prediction suggests AI could soon destroy millions of jobs, potentially worsening this economic squeeze. For more insights into how economic shifts are impacting major businesses and everyday life, subscribe to our channel.
Tags/Hashtags: #walmart #inflation #ai #wages
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