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Will McDonald's 'super-sized' hiring spree help the economy?
McDonald's hoped to add 50,000 people to its payroll on Tuesday. But are low-paying, burger-joint jobs really what the economy needs?
 
During McDonald's first "National Hiring Day," the company hoped to hire 50,000 new employees in one fell swoop.
During McDonald's first "National Hiring Day," the company hoped to hire 50,000 new employees in one fell swoop.
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McDonald's held its first National Hiring Day on Tuesday, a "super-sized" HR (and PR) campaign meant to add as many as 50,000 people to the fast food giant's payroll — and change the stigma associated with flipping burgers. McDonald's, which employs 1.7 million workers worldwide, emphasizes that 30 percent of its executives started out working lower-level jobs in its restaurants. Sure, unemployment is still high — but does the economy really need more McJobs?

Yes, the recession killed those jobs, too: People without college degrees fared worse than those with diplomas during the recession, says John Challenger, CEO of Challenger, Gray & Christmas, as quoted by the Chicago Sun-Times. The unemployment rate for people with no high-school diploma was 13.7 percent last month — and 9.5 percent for people with just a high-school diploma — compared with the overall national average of 8.8 percent. These low-level jobs can make a big difference to a lot of people.
"Job hopefuls bite on McDonald's hiring day opportunity"

This is a reflection of our weak recovery: "Has the recession turned us into a nation of McWorkers?" asks Annie Lowrey at Slate. Government data about the labor market paints "a fairly bleak picture: The jobs we're adding, for the most part, aren't great ones." The temp industry has shown growth, but that means jobs without benefits or "much income security." And the long-term pattern isn't pretty either, with stable, mid-level jobs being squeezed out. Instead, we're getting "employment polarization," with jobs concentrated "at places like fast food joints and universities — but not a lot of jobs in between."
"Heading for a McRecovery?"

This could be a stimulus... for McDonald's: The hiring frenzy sure drew a lot of people to the restaurants, says Annie Gasparro at The Wall Street Journal, and that could boost sales, even if just temporarily. "After all, who can turn down a Big Mac once already inside Mickey D’s?"
"McDonald's plan to hire 50K workers: Long lines for Big Macs?"

 

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