Just when you thought big business couldn’t get any more despicable a story like this comes along to reaffirm your belief that this country has been handed over to corporate interests and the people paying the price are working class Americans.
Earlier this year, a woman in Pennsylvania was expecting to get her first paycheck from her new job at McDonald’s, but rather than an envelope containing cash or a check, she received a prepaid debit card from Chase. This did not go over well.
When she asked her boss about the card — which has fees like a $1.50 ATM charge, a $5 charge for over-the-counter cash withdrawals, $1 per balance inquiry, and $.75 for online bill payment — she was told it was the only option. And so she took her issue to the franchisees, who she says confirmed that she had no choice but to take the card.
Chase bank, and McDonald’s who was most certainly getting a kickback from this, is charging people $1 just to check their balance! Want to pay a bill online? Well Chase needs to get its cut. Think you’re saving money by getting cash back when paying for items at the store? Wrong, Chase will ding your card $5 for that.
How on earth is this not extortion? The woman quit her job and now has an attorney filing a class-action lawsuit but shouldn’t the government be stepping in here to protect workers’ rights?
We’ve already seen how McDonald’s advises its full-time employees to budget their money in order to survive. Literally the first advice they give in their ridiculous pamphlet for a full-time employee to be able to scrape by is for them to get a second full-time job.
That’s right, the document that McDonald’s uses to show their employees how to “budget” their money includes another salary from a “mysterious” second job. So after you get through putting in your 40 hours a week at McDonald’s you’re going to need to put in another 40 hours somewhere else in order to survive.
I am using the term survive loosely because if you take a look at this despicable document McDonald’s hands out the figures they use to budget things like car payments and health insurance with are laughable. And of course the budget doesn’t mention all of the monies that will be disappearing from your account thanks to their secret pact with Chase.