Services
McDonald's to Help Young People, but Not Its Own Workers
Published:
Last Updated:
McDonald’s Corp. (NYSE: MCD) wants to help 2 million people improve their job prospects through a program called “Youth Opportunity.” Apparently, the plan is not available to its own workers, and certainly not its own middle age or older workers, some of whom make barely more than the minimum wage.
McDonald’s described the program:
McDonald’s Corporation announced a new initiative called Youth Opportunity, with a global goal to reduce barriers to employment for two million young people by 2025 through pre-employment job readiness training, employment opportunities and workplace development programs. As part of this goal, McDonald’s is also joining the Global Initiative on Decent Jobs for Youth, led by the International Labour Organization (ILO), to help accelerate global efforts to tackle the youth employment challenge.
[in-text-ad]
The ILO says there are 64 million young people unemployed worldwide, a number that seems extremely small based on the global population. To combat this, David Fairhurst, McDonald’s Executive Vice President and Chief People Officer, said: “Around the world, too many young people are finding that, through no fault of their own, there are barriers to entry into the workplace. We believe this needs to change.”
McDonald’s says it pays the minimum wage. However, many of its workers have protested to raise that to $15. The age issues have been a strong barrier between workers and the fast-food company for years.
Young people who take advantage of the new McDonald’s program may see their situations improve. As for most McDonald’s workers, it’s no deal at all.
24/7 Wall St.Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.