McDonald's Employment Legacy
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Sam Parr shares a surprising statistic about McDonald's employment impact and their approach to entry-level jobs.
"There's this crazy stat where I think 1 in 16 Americans have worked at McDonald's. McDonald's is one of the largest employers in the world, and internally and externally when you're applying for a job there, they call it 'the world's greatest first job.'
The whole shtick is they're really good for people who are just starting out, and they embrace it. I think that's smart. When I think about my aunt who's been a cashier at a grocery store for 40 years - that's just her job, she still is - and when I think about self-checkouts and not having someone there at drive-through, and how 1 in 16 Americans have worked at McDonald's, it raises the question: do employers have an obligation to continue providing these minimum wage jobs to further society along? Otherwise, you're going to have to do some type of universal income."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.