Webmcdonald's corp (mcd. n) announced on thursday a 10% average hourly pay raise at the nearly 660 u. s.

Understanding the Context

Restaurants it operates, joining the industry's scramble. Webmcdonald’s (mcd) will raise hourly wages by an average of 10% for more than 36,500 employees at more than 660 u. s. Webmcdonald’s said on thursday it expects to pay average hourly wages of $15 an hour at company locations by 2024, as a brutal labor shortage coming out of the.

Key Insights

Webmcdonald's corporate office sent a letter to its u. s. Restaurants saying workers would see pay rise 10% over the next few months, and by 2024 it expected.