Low Unemployment Brings 100k Salaries to Taco Bell(marketwatch.com)
marketwatch.com
Low Unemployment Brings 100k Salaries to Taco Bell
https://www.marketwatch.com/story/taco-bell-will-run-pilot-program-paying-select-managers-100000-a-year-but-in-n-out-burger-already-pays-managers-160000-2020-01-09
1 comments
How are we going to get kids to graduate from high school if they can quit school and make a six-figure salary at Taco Bell?
By emphasizing the other tangible benefits of high school beyond making six-figure salaries.
On the other hand, if the only communicable, tangible benefit of graduating from high school is making a six-figure salary, then why would we care whether or not graduation rates decrease?
But in reality, this is probably the wrong takeaway from the article. The article's conclusion is pretty dour:
> Salaries in the fast-food industry range from eye-popping to barely getting by
So start from the fact that these salaries are not consistent between companies and positions over time. Add to that the fact that getting yourself promoted to six-figure salary manager at a Taco Bell is probably a lot more work than graduating from high school, and then add again the fact that most high school students don't dream of being fast-food managers in the first place, and are rarely making decisions based on long-term monetary goals.
All of that together means this concern is probably not worth worrying about in the first place.
On the other hand, if the only communicable, tangible benefit of graduating from high school is making a six-figure salary, then why would we care whether or not graduation rates decrease?
But in reality, this is probably the wrong takeaway from the article. The article's conclusion is pretty dour:
> Salaries in the fast-food industry range from eye-popping to barely getting by
So start from the fact that these salaries are not consistent between companies and positions over time. Add to that the fact that getting yourself promoted to six-figure salary manager at a Taco Bell is probably a lot more work than graduating from high school, and then add again the fact that most high school students don't dream of being fast-food managers in the first place, and are rarely making decisions based on long-term monetary goals.
All of that together means this concern is probably not worth worrying about in the first place.
live and let live
That will solve itself when there is more specialized jobs being left unfilled and salaries rising even higher for those.
Eventually the cost of living will increase because everyone is making at least $100K, and the cycle will repeat.
Eventually the cost of living will increase because everyone is making at least $100K, and the cycle will repeat.
Perhaps the value of high school is overstated for those who can quit and make 100k at taco bell.