Labor: Slow Your Roll on the McDonald's Wage Hike

Apr 6, 2015

This article below is written for the American economy as a whole, but it is very significant for the labor intensive berry business on the Central Coast.

Bottom line is that even though McDonald's might be raising its minimum wage by 10% at 1500 outlets, this raise is only for 90,000 workers, leaving the other 750,000 working for MCD franchises without raises.  The author, Josh Brown, makes the point that this supposedly large raise only comes out to be 1.1% when all McDonald's minimum wage employees are included.

Josh points out that the real value is a signaling to other workers in minimum wage industries that times are changing and pressure on wages is going in an upward direction. 

 

http://thereformedbroker.com/2015/04/03/qotd-slow-your-roll-on-mcdonalds-wage-hike/

 

 


By Mark Bolda
Author - Farm Advisor, Strawberries & Caneberries
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