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Thread: McDonalds adding 50,000 new jobs

  1. #1
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    McDonalds adding 50,000 new jobs

    But if you do the math, those 50,000 new workers can only support 3,826 retirees on Social Security.

    Chip H.

    The Social Security website tells us that the average benefit check for retirees is $1,174 a month, or $14,088 a year. Do the math, and you find that it will take 50,000 new jobs at McDonald's to support 3,826 average retirees. That works out to 13 workers to support one retiree. Since a typical McDonald's has a crew of about 50 workers, it also means that one new McDonald's will generate employment taxes to support nearly four retirees.
    http://www.statesman.com/business/pe...y-1407185.html

  2. #2
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    ...That's a nice number until you divide it by 50,000 workers and come up with an average paycheck of $10,360. The same figures also imply that the new workers will be paying $68.9 million in employment taxes when the 5.65 percent employee tax is added to the 7.65 percent employer tax this year, a bit more when the tax goes back to its full rate in 2012. Of the amount paid in, about $15 million will go to Medicare. That leaves $53.9 million for Social Security benefits.
    The Social Security website tells us that the average benefit check for retirees is $1,174 a month, or $14,088 a year. Do the math...
    Yeah do the math: the average wage of a McDonalds employee is $10,360, and the average SS benefit is $14,088.

    They're all liars. Repubs and Demos combined. No wonder S&P is threatening to downgrade our credit rating.

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