McDonald's to Raise Average Pay to $15 an Hour

·2 min read
McDonald's to Raise Average Pay to $15 an Hour

Almost a week ahead of a planned strike by its workers, who demand $15 per hour, McDonald's (NYSE: MCD) announced it will begin raising pay to that level by 2024. The move, though, will likely not sit well with the franchisees, who will then be under pressure to follow suit even though they may not be generating the same sort of profits McDonald's does. The fast-food leader said a tight labor market was forcing its hand to raise wages.

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