This, along with Wal-Mart's announcement that they will also raise pay, is a sign the economy is getting better.
McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ
McDonald’s Corp. plans to raise pay by more than 10% and add benefits like paid vacation for workers at U.S. restaurants it operates, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.
Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.
Starting July 1, McDonald’s will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S. The increase, which McDonald’s said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald’s also will enable workers after a year of employment to accrue up to five days of paid time-off annually.
McDonald s to Raise Hourly Pay for 90 000 Workers - WSJ