Sign of the Times: The Rise of McJobs in the Plutocracy

For some time I’ve hewed to Cszlew Milosz’s characterization of America as “a moderately corrupt republic.” Now I would argue for a shorter tag, plutocracy. One of the consequences of governance by the rich (via their agents, Congress) is spelled out in “How the McEconomy Bombed the American Worker: The Hollowing Out of the Middle Class” by Andy Kroll in Tomdispatch.com. The attention grabbing opening paragraph:

Think of it as a parable for these grim economic times. On April 19th, McDonald’s launched its first-ever national hiring day, signing up 62,000 new workers at stores throughout the country. For some context, that’s more jobs created by one company in a single day than the net job creation of the entire U.S. economy in 2009. And if that boggles the mind, consider how many workers applied to local McDonald’s franchises that day and left empty-handed: 938,000 of them. With a 6.2% acceptance rate in its spring hiring blitz, McDonald’s was more selective than the Princeton, Stanford, or Yale University admission offices.

The article gives an account of rise of the McEconomy. Read it here.

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