Williams on "McJobs"

I enjoyed this piece by Walter Williams on work and jobs. In addition to observing that the concept of "dead-end" job is not only invalid but also an attack on honest work, he then provides some interesting statistics to support his argument. For example, I was unaware of the following:

According to Glassman, some 1,200 McDonald's restaurant owners began as crew members, and so did 20 of McDonald's 50 top worldwide managers. These people and millions of others hardly qualify as dead-enders.

Some demagogues charge that jobs at Wal-Mart and McDonald's only pay the minimum wage. That's plain wrong, as are many other things said about jobs that start at the minimum wage. According to the U.S. Bureau of Labor Statistics: Sixty-three percent of minimum wage workers receive raises within one year of employment, and only 15 percent still earn the minimum wage after three years. Moreover, only three percent of all hourly workers and two percent of wage and salary earners earn minimum wages. Most minimum wage earners are young -- 53 percent are between the ages of 16 and 24.