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McDonald's will no longer lobby against minimum wage hikes
Source: CNN Money
McDonald's will no longer lobby against minimum wage hikes
By Danielle Wiener-Bronner, CNN Business
Updated 1820 GMT (0220 HKT) March 27, 2019
New York (CNN Business) — In a super-tight job market, McDonald's has to do more to attract and keep workers. Giving up its fight against minimum wage hikes could help.
McDonald's (MCD) announced this week it will no longer lobby against raising workers' pay. The company shared the news in a letter to the National Restaurant Association, which represents companies in the food-service industry, on Tuesday. The letter was first obtained by Politico.
"Going forward, McDonald's Corporation will not use our resources, including lobbyists or staff, to oppose minimum wage increases at the federal, state or local levels," wrote Genna Gent, vice president of US government relations for the company.
"Nor will we participate in the association advocacy efforts designed expressly to defeat wage increases."
She added that McDonald's thinks increases should be "phased in."
-snip-
By Danielle Wiener-Bronner, CNN Business
Updated 1820 GMT (0220 HKT) March 27, 2019
New York (CNN Business) — In a super-tight job market, McDonald's has to do more to attract and keep workers. Giving up its fight against minimum wage hikes could help.
McDonald's (MCD) announced this week it will no longer lobby against raising workers' pay. The company shared the news in a letter to the National Restaurant Association, which represents companies in the food-service industry, on Tuesday. The letter was first obtained by Politico.
"Going forward, McDonald's Corporation will not use our resources, including lobbyists or staff, to oppose minimum wage increases at the federal, state or local levels," wrote Genna Gent, vice president of US government relations for the company.
"Nor will we participate in the association advocacy efforts designed expressly to defeat wage increases."
She added that McDonald's thinks increases should be "phased in."
-snip-
Read more: https://edition.cnn.com/2019/03/27/business/mcdonalds-minimum-wage/index.html
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