Headlines

McDonald’s Raising Hourly Wages at Company-Owned Locations

Fast-food giant expects average hourly rate to hit $15 by 2024.

Published

3 years ago

May 13, 2021

VMSD Staff

McDonald’s Raising Hourly Wages at Company-Owned Locations

McDonald’s (Chicago) is planning to raise hourly wages at its U.S.-based, company-owned locations by 10 percent, CNBC reports.

Based on location, this means entry-level workers could make between $11 and $17 per hour, while shift managers would make roughly $15-$20 an hour. The company said it anticipates paying workers an average of $15 at its company-owned restaurants by 2024.

McDonald’s is looking to hire about 10,000 additional workers for its company-owned restaurants over the next three months. The wage increase does not impact employees working at franchise locations, which accounts for 95 percent of the company’s restaurants in the U.S.

VMSD Staff

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