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McDonald's is giving 90,000 workers raises and vacation time
McDonald's is giving 90,000 workers raises and vacation time

McDonald's Corp. will raise the minimum wage for 90,000 U.S. workers by more than 10% this summer, becoming the first major fast-food corporation to bow to pressure to improve circumstances for low-paid workers nationwide. The increase, which follows similar moves recently by retailers including Wal-Mart Stores Inc. and Target Corp., could compel McDonald's quick-service rivals to follow suit, according to analysts and economists. The Oak Brook, Ill., business said it would start paying employees at its company-owned restaurants at least $1 an hour more than the local minimum wage on July 1. The plan also includes extra benefits for workers. The changes apply only to the 10% of...

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