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If McDonald’s Can Do It, Why Can’t Wal-Mart?

070809_mcdo-walmart.jpgMcDonald’s is raising wages overseas. The fast food retailer operates on business model similar to Wal-Mart: selling massive quantities of cheap goods. McDonald’s has made room in its budget for salary increases for low-level employees – and its stock prices have gone up. Perhaps a dual lesson in good labor relations and company worth? McDonald’s to Raise Wages in China After Government Criticism [Bloomberg News]. McDonald’s Corp., the world’s biggest restaurant company, plans to raise wages in China by 12 percent after government criticism of the chain’s labor practices. McDonald’s will increase salaries for its restaurant workers to 56 percent above minimum wage guidelines, affecting 45,000 full-time and part-time workers, the company’s Beijing- based spokeswoman Wang Jianhui confirmed. The gains were reported earlier in the Wall Street Journal. Wang declined to elaborate. Image source: walmartwatch.com. > Continue.

News selected by Covalence | Country: China | Company: McDonald’s, Wal-Mart | Source: Wal-Mart Watch

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