Your evidence (glassdoor) isn't exactly accurate though is it?
McDonalds workers due to strike for £10 an hour...
- Thread starter dowie
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Your evidence (glassdoor) isn't exactly accurate though is it?
I haven't used glassdoor, are you confusing me with another poster?
Which area of the country was your friend in as even 4-5 years ago he'd need to be earning a very good wage and be further north somewhere to get a property that wasn't ex council or wasn't a bit shabby.
Well where is your evidence then?
I don't really see any value in replying to someone as rude as you to be honest.
Evidence of what? All I've asked is what area of the country as this thread is predominantly about wages in the south and in particularly London. I quickly used a mortgage calculator with some numbers above what I believe most McDonalds managers would be on and even with a nice deposit and little monthly outgoings you aren't going to be borrowing a great deal.
Which mortgage calculator did you use?
Well you aren't answering anyone elses questions either and have the nerve to call others rude, yes it's halifax but I don't see it making a great deal of difference, even if borrowing more than that it doesn't get you a decent property in most of this country and that's on £30k a year with £400 outgoings.
That doesn't really make sense, your saying its not the companys problem if they over extremely low paid jobs or people have to take them. Your kind of forgetting not everyone can earn 50k+ this is always going to people low down so there is always going to be people working at mcdonalds, mcdonalds wouldnt exist if there wasnt for these people. So Mcdonalds needs these people. People careers path arent all equal. You really need to open your eyes
I actually don't see much of a problem with that calculator that you linked anyway. Being able to borrow £114k and with a deposit will get a single person in many areas of the country a fairly decent starter home, even if it is just a flat/apartment.
I think that London and the commuter belt around London are in a special situation at the moment which is quite frankly unreasonable even for people on a good salary. It's not just McDonald's workers having a difficult time there with regards to house prices.
Also, I would argue that a lot of people buying a home these days in every area of the country are doing it jointly, and probably would not be able to afford to do it as a solo borrower, so you might as well double the numbers on your calculator and assume that it is two McDonald's workers.
There are even products available now like the "First Start" mortgages to cater for single people that are getting help with their first house/property purchase.
I think that London and the commuter belt around London are in a special situation at the moment which is quite frankly unreasonable even for people on a good salary. It's not just McDonald's workers having a difficult time there with regards to house prices.
Also, I would argue that a lot of people buying a home these days in every area of the country are doing it jointly, and probably would not be able to afford to do it as a solo borrower, so you might as well double the numbers on your calculator and assume that it is two McDonald's workers.
There are even products available now like the "First Start" mortgages to cater for single people that are getting help with their first house/property purchase.
We aren't talking a flat or apartment though are we? and my numbers were very generous, we also aren't talking about buying jointly, that obviously changes everything.
Yes there is help to buy and first start mortgages but they're not exactly ideal and leave many people worse off particularly if they need/want to move on in the short/mid term.
This all came from you saying you could be a manager at McDonalds working there for longer than a few months and be earning loads more, their starting salaries today for managers range from £22000-25000 going off their very own website.
Yes there is help to buy and first start mortgages but they're not exactly ideal and leave many people worse off particularly if they need/want to move on in the short/mid term.
This all came from you saying you could be a manager at McDonalds working there for longer than a few months and be earning loads more, their starting salaries today for managers range from £22000-25000 going off their very own website.
That's not at all bad for a starting salary considering you can work your way up to a manager position. Many graduate positions don't even pay that and saddle you with much more debt and time taken to earn the degree.
I've no argument against the salary itself, it's decent for a younger person without any qualifications, realistically though many aren't becoming a manager after working there for longer than a few months and £25000 a year even in somewhere like the North East with outgoings that are more likely above £500 a month does not allow you a home much different to a council house/ex council house or in a rundown area.
And just what type of property would you expect a young person with no qualifications to be able to afford?
I think that there is a bit of an expectation of people in this country to own at least a 3 bedroom semi-detached property in a good area almost as if it is a right, but it's really not a requirement in order to live. There are simply not enough properties of this type to go around, and the people with the lower tier jobs and/or who are single can't expect to be able to afford this.
If every company like McDonald's, Tesco etc. simply increased the wages they were paying for lower tier jobs then all of the prices of everything would just increase until everything reached the same levels of affordability again.
The London situation has been made worse by people from outside the UK with a lot of wealth buying up a lot of property as well, so there are more factors at play here than simply to blame companies like McDonald's.
The ones I've stated at the end of the paragraph you've quoted if we're talking an actual house and not a flat/apartment, that's why I asked where the person in your scenario lived as you said they bought a home with no help that wasn't a council house or rundown, it's all very vague really and not a lot to go off so maybe it was possible in his circumstances.
I don't want to give too many specifics because it's not me personally that I am speaking about. I think that the house was in the £120-140k range when he bought it and in a reasonable area (below average in terms of desirability but not full of council houses or notorious for crime etc. so perfectly acceptable for a young person buying a first home). I would assume he was earning at least £23k pa to be able to afford it with a deposit saved, but I don't know specifics. This was probably around 5 years ago so after the Northern Rock era of mortgages but before they tightened up even more.
So no qualifications means you are stuck flipping burgers?
Was that where this is going?
Nope not at all, no idea how you even got that from my post but ok.
Soldato
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Sorry but some jobs aren't worth £10 an hour in relation to what many others earn working in jobs with far more responsibilities.
I do think zero hours contracts need looking into as they may well be suitable for some but it seems certain that they are used by some large companies entirely to their own advantage.
I do think zero hours contracts need looking into as they may well be suitable for some but it seems certain that they are used by some large companies entirely to their own advantage.
Soldato
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I would have a different view in that wages for other more responsible jobs should also be higher.
If it means bigger corporations having to take slimmer profit margins for a bit, then so be it. The way things are going is just not sustainable.