McDonald's is raising minimum wages at its corporate-owned restaurants. Not all fast food franchisees agree, but some owners say it's time to think long-term.
McDonald's is among fast-food franchises to raise wages in a tight labor market and plans to reach an average of $15 an hour by 2024 at all company-owned restaurants.
Labor experts say McDonald's move will pressure the 95% of its restaurants not owned by the company, and at least some McDonald's franchise owners say it is time to raise wages and think long-term.Employees work the counter at a McDonald's restaurant located inside the company's new corporate headquarters on June 4, 2018 in Chicago, Illinois.
"We were in a pretty strong financial position," Locke said of the April decision, made after consultations with his senior team and an extensive review of models examining the cost and margin implications. "I felt if at any time we were able to do this, increase all of our associates' pay, it would be now." he said.
In May, McDonald's, just months after other fractious disputes with franchisees over tuition programs and technology fee payments, announced that workers at McDonald's 650 company-owned locations will see pay raises of an average of 10% by the end of June — entry-level employees will make $11 to $17 per hour, and shift managers will make $15 to $20 an hour, based on location.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Outdated Leadership Approaches No Longer Work; Here’s What Does, Experts SaySuccessful leaders are looking at their talent as a renewable resource and finding new ways to invest in their employees to future-proof talent pipelines, experts say.
Leer más »
“Queues outside grocery stores are endless—for the few things that are in them”—Cuba’s rare protestsToday on “The Intelligence”: Cubans are short of food and patience, Branson’s flight and space tourism’s future, and why England fans should remain hopeful
Leer más »
Why convertible bonds are the asset class for the timesConvertibles have already proved their worth. They were almost tailor-made for such circumstances such as the shock at the start of the pandemic
Leer más »
Xi'an Famous Foods shares Vvdeo of drunken thieves trying to cook with cold waterThe restaurant shared the video with commentary from the Chinese food chain's owner.
Leer más »
5 things to know before the stock market opens MondayDow futures dropped, indicating a retreat for the 30-stock average from Friday's record high close.
Leer más »