If McDonald’s Can Do It, Why Can’t Wal-Mart?
McDonald’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
News selected by Covalence | Country: China | Company: McDonald’s, Wal-Mart | Source: Wal-Mart Watch