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A McDonald's in Lisbon's airport. Photo: Horacio Villalobos-Corbis/Corbis via Getty Images

Market watchers will get their first look at the new high-tech McDonald's, fresh off its recent acquisitions of Dynamic Yield and Plexure, as it rolls out its earnings on Monday.

What's new: For its next major push, the company announced Wednesday it plans to hire the elderly to fill summer jobs. USA Today's Charisse Jones writes: "If you're looking for a gig in your golden years, you might want to check under the Golden Arches."

  • "The fast-food giant will post positions on AARP's online job board as it tries to fill roughly 250,000 jobs over the summer. McDonald's is also working with the AARP Foundation to launch a pilot program in five states that will help match lower-income older Americans with potential jobs."

Why now? The share of teens aged 16–19 who work summer jobs has fallen significantly since the turn of the century. Despite some recovery since the end of the Great Recession, a just 35% had a summer job in 2017, compared to more than half of teens who had one in 2000 and 58% in 1978, according to Pew Research.

  • That trend is moving in exactly the opposite direction for older workers whose labor force participation rate is expected to keep rising, with the fastest pickup happening in the oldest segments of the population, those 65 to 74 and 75 and older, the Bureau of Labor Statistics says.

What they're saying: Teenagers are nice, but "they're in school, or aren't always excited about working that 5 a.m. shift," Melissa Kersey, chief people officer for McDonald’s USA tells USA Today. "So we believe matching this mature workforce with the breakfast and lunch shift ... is really important."

Go deeper: In the coming decades, seniors around the world will work long past 65

Go deeper

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

The quick FCC fix that would get more students online

Illustration: Sarah Grillo/Axios

As the pandemic forces students out of school, broadband deployment programs aren't going to move fast enough to help families in immediate need of better internet access. But Democrats at the Federal Communications Commission say the incoming Biden administration could put a dent in that digital divide with one fast policy change.

State of play: An existing FCC program known as E-rate provides up to $4 billion for broadband at schools, but Republican FCC chairman Ajit Pai has resisted modifying the program during the pandemic to provide help connecting students at home.

Dion Rabouin, author of Markets
1 hour ago - Politics & Policy

America's hidden depression

Biden introduces his pick for Treasury secretary, Janet Yellen, on Dec. 1. Photo: Alex Wong/Getty Images

President-elect Biden faces a fragile recovery that could easily fall apart, as the economy remains in worse shape than most people think.

Why it matters: There is a recovery happening. But it's helping some people immensely and others not at all. And it's that second part that poses a massive risk to the Biden-Harris administration's chance of success.