Restaurant Finance Watch: Will Walmart's pay hike affect McDonald's?

Restaurant Finance Watch: Will Walmart's pay hike affect McDonald's?

NRN editor and restaurant finance expert Jonathan Maze breaks down what you should be watching in the industry this week. Connect with him on the latest finance trends and news at @jonathanmaze and [email protected] RELATED: • 21 states to increase minimum wage in 2015 • Restaurant groups seek to change definition of ‘full time’ • More restaurant finance news

The ink on Walmart’s announcement this week that it would raise wages was barely dry before speculation turned to McDonald’s and whether it would do the same.

The retailer said on Thursday that it would raise wages to $9 an hour in April, and then $10 an hour in a year — an increase that would affect 40 percent of its workforce.

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