099 DSR – Fast Food Worker Strike

April 5, 2013 — Leave a comment

strike sign

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A recent fast food worker strike in New York was reported by CNN. It highlighted two issue that are meant to be red herrings. A red herring is a smoke screen or diversion to keep you from debating the real issue.

The real issue: Working in fast food doesn’t require a high level of skill. Therefore it doesn’t earn a high level of pay.

The red herring: Fast food workers aren’t paid fairly because they are minorities or foreigners.

Your hourly rate of pay is determined by one thing and one thing only. The fact you’re willing to work for that rate of pay. Nothing else. Race has nothing to do with it. Where you were born has nothing to do with it. Whether or not you are a single mom has nothing to do with it.

Feel underpaid? Learn more valuable skills that will pay you more in the marketplace. Don’t sit around and whine and go on strike. Your employer is only going to pay you as much as you are willing to accept. There are no villains here. You voluntarily walked in looking for a job. Your employer voluntarily pays you for your labor. Equal exchange.

Resource:
CNN Money

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Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.

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