Categories: Business

McDonald’s wages could raise under increasing pressure

McDonald’s may raise its wages being forced by growing concerns over income inequality.

The fast food giant said the public focus on the issue “may intensify” over the coming months.

However, McDonalds warned that higher wages might impact its profit margins if it cannot offset them by raising prices as well.

McDonald’s may raise its wages being forced by growing concerns over income inequality

Fast food companies have been under increasing pressure to raise wages and workers at various outlets, including McDonald’s, have held strikes in recent months.

In its annual filing with the US financial regulator, McDonald’s said the long-term trend was “toward higher wages and social expenses in both mature and developing markets, which may intensify with increasing public focus on matters of income inequality”.

Fast food workers across the US have been demanding that the minimum wage in the sector should be raised to $15 per hour.

In December, workers in the fast food industry held strikes in 100 cities across the US.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

2 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

2 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago

America PAC: Elon Musk Promises to Award $1M Each Day to Swing States Voters

Elon Musk has said he will give away $1 million a day to a registered…

2 weeks ago

Canada Expels 6 Indian Diplomats Amid Khalistan Row

India and Canada have decided to expel their top envoys along with other diplomats as…

3 weeks ago