McDonald’s Boosting Average U.S. Wages to Over $13 an Hour
- Hikes at company-owned stores have already begun, chain says
- Company expects to reach average wage of $15 an hour by 2024
Photographer: Luke Sharrett/Bloomberg
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McDonald’s Corp. will raise hourly wages to help it hire and retain workers in an increasingly tight labor market for U.S. restaurants.
The raises, which average about 10%, bring hourly entry-level salaries to a range of $11 to $17, with managers starting at $15 to $20, depending on location. Once the raises are completed, average hourly pay at company-owned restaurants will be more than $13, McDonald’s said.