97% of Russian population earns less than minimum wage at McDonald’s
McDonald’s Corp. will raise the wages of workers at its U.S. locations, CNBC reported.
Non-administrative staff at about 660 McDonald’s restaurants in the U.S. will receive $11-17 an hour, and supervisors will receive $15-20 per hour.
About 36,000 people will get the 10% pay raise.
As a result, even the lowest-paid full-time McDonald’s employee will receive $1,760 a month.
At the current exchange rate, it is about 130,000 rubles, which is more than the monthly income of 97.3% of the Russian population, according to the data of the Russian Federal State Statistics Service, Rosstat.
According to Rosstat’s statistics, at the end of the first quarter, only 2.7% of Russian residents received more than 100,000 rubles ($1,352) per month.
Only 6.4% of Russians had income of 75,000 rubles per month, while 80.1% earned less than 45,000. More than half – 53.7% – lived on the amount of less than 27 thousand rubles a month, that is 12 dollars a day.
One in three – 34.5% – has an income of up to 19 thousand rubles ($257), that is, forced to live on 633 rubles, or 8.4 dollars a day.
One in five – 20.4% – receives up to 14 thousand rubles, or 6.2 dollars a day, and 9.7% of the population’s income does not exceed 10 thousand rubles per month.