I once ate at a McDonalds where the placemat doubled as a job application. I kid you not. Made me wonder about the food I was putting into my face – that it had been prepared by someone eminantly qualified for the job because he could connect the dots on Ronald McDonald’s nose. (ok, so the job application was a bit more complicated than that, but you get the point.)
Well, it seems the job creators running the clown outfit really do care about their rank and file line workers. So much so that they produced a booklet “Practical Money Skills Budget Journal.”
Page 4 has a sample budget
This budget assumes you have 2 jobs. So, let’s do the math. To get a net of $2060 per month you have to gross more than that because of things like social security, and other taxes. But, for the sake of argument, let’s assume you work in a State that has no other taxes, and you don’t have to pay any income tax, just the 6.2% Social Security tax. So, you’re going to have to gross about $2,200 per month.
Two jobs. Minimum wage. $7.25 per hour. You’ll only have to work 303 hours per month. No problem. You’ve got 30 days to work all that in, so that’s just….hmmm 303 hours divided by 30 days….10.1 hours a day, every day of the month.
But wait! You’re working in a fast-food establishment – so the most you can count on from the Clown is a 30 hour work week. So, just put that together with your other minimum wage job and you’ve got a …. 60 hour work week….Still need 10.7 hours more. No problem! Just get another job!
Ok, so we’ve figured out the first couple of lines – we’ve all got three part-time jobs paying minimum wage and putting in 10 hour days, seven days a week. We can now afford to rent a $600/month abode. With the average rent running a bit over $1,000 a month, we’ll have to settle for something a little below average.
And we can budget $150 per month for a new car! We’re quite the shopper, and we got a 5 year car loan at zero interest, meaning we can buy any car we want, up to $9,000! Ok, so that’s somewhat less than the $31,000 average price of a new car these days. In fact, that won’t even get you the cheapest new car, coming in at a bit over $12,000. So, we’re going to have to make payments on a used car, and hope to heck it doesn’t need any repairs, ‘cuz that’s not in the budget. For that matter, neither is gas.
But the clown’s budget does have us saving a whopping $100 a month. And we get $25.00 per day for food, gas and entertainment. As long as we never get sick, never miss a 10-hour shift, never have a major repair on our car, etc. We even have $100 a month to buy appliances, furniture etc. What a great budget!
The only thing the Clown’s budget truly shows is the fallacy of working hard and living the American Dream.
It used to be that part of the American Dream was class mobility – the ability to move up the socio-economic ladder – to be better off than your parents were. We still have class mobility, but now it is in the opposite direction. Many of us are not better off than our parents. Our children most likely won’t be better off than us. And our grandchildren and/or great-grandchildren will face struggles not seen since the industrial revolution.
OPEN THREAD TIME
BUT FIRST, DID YOU NOTICE IN THE BUDGET THAT HISPANICS SPEND LESS ON HEATING THAN ANGLOS?
Bonus: This is a MUST WATCH!</p>