McDonald's raises hourly wages for company-owned restaurants

McDonald's is raising the hourly wages for its U.S. company-owned restaurants by an average of 10%.

The fast-food giant is looking to hire 10,000 workers for those restaurants over the next three months. Based on the current labor market, McDonald's expects that the average wage for employees of its company-owned restaurants will be $15 per hour by 2024.Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads "Work Here $15 And Free Meals".is raising the hourly wages for its U.S.

The broader restaurant industry is facing a labor crunch. Fewer people are returning to the workforce than expected, and eateries are trying to meet consumer demand as it comes roaring back. The hiring announcements that usually arrive in the spring and summer months have been accompanied this year by news of wage hikes, referral and retention bonuses and other enhanced benefits.

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