McDonald's raises wages at company-owned restaurants
CNN
McDonald's is the latest restaurant to say it's raising wages in a bid to attract workers. The company is increasing hourly employees' pay by about 10%, it announced Thursday -- but the change applies only to a small percentage of staff.
Entry-level employees will earn at least $11 to $17 an hour, the company said in a statement. Shift managers will earn at least $15 to $20 an hour. The company has already started implementing the increases and will continue to roll them out in the months ahead. Hourly wages should reach $15 on average at the restaurants by 2024, the company said. The increase will impact about 36,500 employees who work at McDonald's (MCD) corporate-owned restaurants, which make up just 5% of its US stores. The remaining 95% of McDonald's US restaurants are owned and operated by franchisees, who can make their own decisions about wages.
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