16-year-old retail worker

Wednesday, July 15, 1992 - 10:00

A 16-year-old retail worker currently earns $192 a week, rising to $346 at the age of 20. Under Hewson's plan, this person old would get only $114 a week, and 18-20-year-olds would get $133.
Peter Ritchie, the managing director of McDonald's fast food chain said he could create 3000 new jobs under the Hewson scheme. McDonald's currently spends $300,000 an hour employing young people, according to figures it has made public. Hewson's cut to youth wages would reduce this hourly wage bill to $124,500. McDonald's could employ another 3000 young people for $10,500 an hour and still save $165,000 an hour.

From GLW issue 62