Why the Fast Food Wage Fight Affects You More Than You Realize
It isn't hard to understand why fast food employees are striking. Currently, the average line worker makes $8.94 an hour -- more than the Federal minimum wage of $7.25 an hour, but not quite enough to live on, especially given that few of these workers are able to get full-time hours. On average, workers claim, a fast food employee brings home $10,000 a year, enough to strand a single person living alone well below the poverty threshold of $11,484. Add in a child or two, and that money comes up even further short.
It's worth noting that the low wages paid to fast food employees are actually making almost everyone's wallets lighter. Numerouseconomists have pointed out how a low minimum wage depresses salaries overall -- and makes the economy more sluggish. What's more, low-wage fast food workers are far more likely to need help from government programs like food stamps and subsidized housing -- which, themselves, are a further drag on taxpayers.
But you don't have to travel to California or Boston to find fast food joints with happy employees. In a recent article, Business Insider highlighted several restaurants, notably In-N-Out, Chik-Fil-A and Taco Bell, that have better-than-average worker loyalty. And job analysis site Glassdoor.com publishes reviews from workers at most major chains. So if you want to know what life is like on the other side of the counter -- and want to base your spending decisions accordingly -- it's a great tool for helping you put your money where your mouth is.
Bruce Watson is DailyFinance's Savings Editor. You can reach him by e-mail at firstname.lastname@example.org, or follow him on Twitter at @bruce1971.