McDonald’s Is Raising Pay
McDonald’s is raising pay at all company-owned restaurants. With all the discussion of raising the minimum wage and the struggle to find and retain employees McDonald’s has taken a step towards raising its pay. The fast-food chain announced on Thursday that it would be raising the wage for its employees at company-owned stores in the U.S. The raise will be a 10% increase with employees making an average of $13. The expected average pay will be $15 by 2024. This raise will apply to about 660 stores across the U.S., which is 5% of the chain’s domestic business.
However, these pay increases do not affect the rest of the nearly 14,000 restaurants in the United States. These restaurants are independently owned. McDonald’s hopes this increase will attract new employees to get them through the upcoming busy summer season.