Over the past decade, the average wages for low-income earners in the United States have been relatively good, according to a study released by MIT. The study highlighted the wages of entry-level workers at the famous American burger chain "McDonald's" to shed light on the income of low-wage workers in the largest economy in the world.
The report published by the British newspaper "Financial Times" stated that in 2023, the average wage for entry-level workers at this well-known restaurant chain was more than $13 an hour, compared to about $34 an hour earned by workers from the same category in the private sector in the U.S. Although the salary is low compared to other wages in the private sector, it is considered relatively good in some American states.
"Financial Times" explained that the "McDonald's" chain is one model of low wages in the country, but it is an "important model." The report revealed that hourly wages for workers at "McDonald's" rose by about 1% annually during the first decade of the 21st century. It added that wages increased by 14% during the years 2020 and 2021, which were the years when the COVID-19 pandemic spread. After the minimum wage at the famous restaurant chain was about $7.50 an hour, it has now risen to its current level of over $13 an hour.
