McDonald’s wage increase signals higher labor costs

McDonald’s wage increase signals higher labor costs

Competition for employees could boost pay even without minimum wage hikes

When McDonald’s Corp. said Wednesday it would increase wages by at least $1 an hour for workers at company-owned restaurants, it addressed a growing reality in the restaurant business: Wages are rising.

Pressure to raise wages from outside groups, as well as increasing minimum wage rates in many states, have put more pressure on McDonald’s and other restaurant chains to raise pay.

While Congress seems incapable of passing an increase of the federal minimum wage, compet

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