McDonald's Said they will Support Wage Increases
After years of peddling poverty wages they now say they are now on board with raising the wage
Thanks to the Fight for $15, the world's second largest employer, McDonald's has decided to stop fighting an increase to the federal minimum wage. Read more from CBS News below.
In a breakthrough for the nationwide campaign to increase minimum wages, McDonald's will no longer take part in lobbying against pay hikes at the local, state or federal level. The fast-food giant's shift comes as Democrats in the House advance a proposal to increase the federal minimum of $7.25 an hour, unchanged since 2009.
McDonald's announced its decision in a letter to the National Restaurant Association, the industry trade group that has long has the fast-food chain at its side in opposing any moves that would hike labor costs for its members. First reported by Politico, a source close to the matter confirmed the letter's contents to CBS MoneyWatch.
"The conversation about wages is an important one; it's one we wish to advance, not impede," Genna Gent, McDonald's vice president of government relations, wrote Tuesday in the letter. "We believe increases should be phased in and that all industries should be treated the same way."
The average starting pay at corporate-owned McDonald's stores already exceeds $10 an hour, and while McDonald's doesn't control what its franchisees pay their employees, "we believe the average starting wage offered by these independent business owners is likely similar," Gent told the NRA.