The Logical Leftist
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A funny thing happened after McDonalds gave people a raise
Posted
April 15, 2016
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"Last year, McDonald’s MCD 0.50% joined a chorus of struggling U.S. companies offering workers pay hikes to help spur a turnaround. And it looks like the move is paying off for the fast-food giant.
The hamburger chain in April announced it would raise the average hourly rate for workers at the U.S. restaurants it owns to $9.90 from $9.01 starting July 2015, with average wages climbing above $10 per hour by the end of 2016. The company also said it would allow those employees to earn up to five days of paid vacation every year following one year of employment. (The higher wages remain very far from the $15 rate many labor advocates are pressing McDonald’s to adopt.)"
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