Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Glad I'm Not Looking for a Good Job
Old 04-20-2011, 03:38 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,384
Glad I'm Not Looking for a Good Job

Read something in the paper today that was interesting and kind of scary for our economy. McDonalds average age of employee was 22 ten years ago. Now the average age of their employees almost 30! Don't frequent McD's too much, but I do notice older people working there more when I do.
__________________

__________________
Mulligan is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-20-2011, 03:43 PM   #2
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
On a related note, retirement for the masses as a middle class expectation (much less "early" retirement") will likely be remembered as a blip in time enjoyed by the 2-3 generations who got it.
__________________

__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 04-20-2011, 04:22 PM   #3
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 746
My spouse and I have our own version of an economic stimulus plan. We're going to enjoy our retirement to the fullest instead of taking a job away from someone who really needs it. It's our little contribution.....
__________________
East Texas is offline   Reply With Quote
Old 04-20-2011, 04:40 PM   #4
Full time employment: Posting here.
MuirWannabe's Avatar
 
Join Date: Oct 2009
Posts: 672
Quote:
Originally Posted by ziggy29 View Post
On a related note, retirement for the masses as a middle class expectation (much less "early" retirement") will likely be remembered as a blip in time enjoyed by the 2-3 generations who got it.
My daughters just accepted their first job offer upon graduating with nursing degrees next month. They had a choice of 3 job offers at different hospitals across different major cities in Texas. That is the good news.

The bad news.....

I was trying to help them in their decision process by reviewing the benefits packages across the offers. This is something they really have no idea how to evaluate. It was discouraging. Each benefits program appears to have had a DB plan that was grandfathered and expired in 2005. They now have a DC plan that offers .35 for every dollar the employee saves up to 5% of their salary. Their starting salary is $45,000. Doing the quick math that comes to a whopping $787.50 the employer will contribute to their plan annually. Better than nothing. But just barely.

Hard to see how you get to FIRE with that.
__________________
“Of all the paths you take in life, make sure a few of them are dirt.” John Muir
MuirWannabe is offline   Reply With Quote
Old 04-20-2011, 04:53 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Quote:
Originally Posted by Mulligan View Post
Read something in the paper today that was interesting and kind of scary for our economy. McDonalds average age of employee was 22 ten years ago. Now the average age of their employees almost 30! Don't frequent McD's too much, but I do notice older people working there more when I do.
I think Brewer had a sig that said something like "On average, we all have one testicle." Something similar may be happening with the average McDonald's employee age. There are an awful lot of 'retirees' working part-time at place like McDonald's and Wal-Mart. That may not say as much about our economy as it does about an older generation that never bothered to save.

An example, if Golden Arches employes five 18 year olds, the average age of their work force is 18. If they add one 75 year old, the average age jumps to 27.5.

So what is more likely? A bunch of mid-aged people flipping burgers? Or a combination of really young and really old people who both have a desire for part-time employment?
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Old 04-20-2011, 04:59 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,384
Quote:
Originally Posted by ziggy29
On a related note, retirement for the masses as a middle class expectation (much less "early" retirement") will likely be remembered as a blip in time enjoyed by the 2-3 generations who got it.
I'm afraid you prediction will be spot on. Though I certainly respect anyone who will put in a honest days work no matter what the pay is, Dick and Jane marrying and working at McD's for 35 years is not the recipe for a comfortable retirement.
__________________
Mulligan is offline   Reply With Quote
Old 04-20-2011, 05:29 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,384
Quote:
Originally Posted by Gone4Good

I think Brewer had a sig that said something like "On average, we all have one testicle." Something similar may be happening with the average McDonald's employee age. There are an awful lot of 'retirees' working part-time at place like McDonald's and Wal-Mart. That may not say as much about our economy as it does about an older generation that never bothered to save.

An example, if Golden Arches employes five 18 year olds, the average age of their work force is 18. If they add one 75 year old, the average age jumps to 27.5.

So what is more likely? A bunch of mid-aged people flipping burgers? Or a combination of really young and really old people who both have a desire for part-time employment?
I should have elaborated but I didn't. The article stated that with 9.2 % unemployment that it was easier for them to get better applicants. More people with college degrees and 20 year careers in the rearview mirror are applying and working there. McD's is also trying to promote career potential and future managerial careers with the company. Not saying granny and gramps aren't working there because a few of them could shoot the average up, but the article didn't mention any of that, just people who normally wouldn't work there are now.
__________________
Mulligan is offline   Reply With Quote
Old 04-20-2011, 05:38 PM   #8
Recycles dryer sheets
lemming's Avatar
 
Join Date: May 2008
Posts: 415
It usually is a mix of older (meaning older then me) and twenty somethings. Teens is the area, NoVa, don't get jobs.

Off topic -Muir. your daughters may be able to collect up to 5% of their wages from employee match if the put in the 15% of wages to get it. Probably a hard sell to someone just starting out.
__________________
lemming is offline   Reply With Quote
Old 04-20-2011, 06:03 PM   #9
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Quote:
Originally Posted by Mulligan View Post
... but I do notice older people working there more when I do.
Eh, probably nothing to worry about, they're just trying to figure out what to do all day... while looking for mental stimulation to keep from feeling bored & unfulfilled.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 04-20-2011, 07:27 PM   #10
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 746
Quote:
Originally Posted by Mulligan View Post
Read something in the paper today that was interesting and kind of scary for our economy. McDonalds average age of employee was 22 ten years ago. Now the average age of their employees almost 30! Don't frequent McD's too much, but I do notice older people working there more when I do.
Did you read Scott Burn's article: Meditation on McDonald's, Part 2 - Registered Investment Advisor.
__________________

__________________
East Texas is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Here's A Nice Part-Time Job For You Good-Looking ERs haha Life after FIRE 55 02-19-2008 07:53 AM
Glad to be here camefromnothing Hi, I am... 4 10-11-2007 01:16 PM
Hi I'm glad to be here johnbrady Hi, I am... 6 09-24-2006 11:49 PM
Good job Jeremy! JPatrick FIRE and Money 5 08-13-2005 06:19 PM
Glad I didn't say that... mickeyd Other topics 12 01-28-2005 04:31 PM

 

 
All times are GMT -6. The time now is 01:27 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.