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A 10% raise helped McDonald’s ease its worker shortage, CEO says

A McDonald's worker holds up bags printed with dollar signs to bring attention to the companies profits as he takes part in a 15-city walkout to demand $15hr wages Wednesday, May 19, 2021, in Sanford, Fla. (AP Photo/John Raoux)

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Remarks from a McDonald’s earning calls shows one strategy that may have helped the fast-food giant hire workers amidst the US labor shortage: Paying more.

In a Wednesday earnings call, CEO Chris Kempczinski linked the chain’s announcement of a wage hike to more ease in filling positions. McDonald’s was one of a myriad of chains struggling to hire workers in April, with one location paying prospective workers $50 to simply show up for an interview.

Insider’s Kate Taylor reported in May that the company was raising pay at corporate-owned locations by an average of details ⇒

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