Walmart's Company-Wide Pay Raise Puts Pressure on McDonald's, Entire QSR Sector
SEAFOODNEWS.COM [Nation's Restaurant News] by Jonathan Maze - February 23, 2015
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.
The move will no doubt send ripples among employers. The company’s decision automatically gave half a million Americans a boost in pay, and it raised the bar of what employers are expected to pay their lowest-compensated workers...
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