McDonald’s raises wages at company-owned restaurants, looks to hire 10,000 workers

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

Workers at McDonald’s company-owned locations will see pay raises of an average of 10% over the next several months. Entry-level employees will be making $11 to $17 per hour, and shift managers will make $15 to $20 an hour based on location.

“Together with our franchisees, we face a challenging hiring environment, and staying ahead means we must constantly renew our commitment to offer one of the leading employment packages in the industry,” McDonald’s USA President Joe Erlinger said in a message to the U.S. system viewed by CNBC. 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.

However, these increases will not directly impact workers who are employed by restaurants owned by McDonald’s franchisees. The fast-food giant franchises 95% of its U.S. restaurant footprint.

 

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I don’t think they own any of them anymore

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