McDonald's president blasts California proposal to hike minimum wage: ‘Bad politics over good policy' [FOX Business Network]
McDonald's Corporation (MCD)
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Source: FOX Business Network
As part of a California law facing voters in the November 2024 ballot, lawmakers are pushing to raise the minimum wage for fast-food workers from $15.50 to $22 per hour. One fast food president, however, raised his concern over the policy. "Whether you're a lawmaker, a business owner or leader or an everyday voter, one thing is clear: California has become a dramatic case study of putting bad politics over good policy," McDonald's USA President Joe Erlinger wrote in an open letter Wednesday. The proposed legislation would not only raise minimum wage, affecting other top chains including Starbucks, but it would also seek to improve working conditions. "The Next Revolution" host Steve Hilton echoed the statements of Erlinger while on " Varney & Co " Friday. CALIFORNIANS PUT FAST-FOOD LAW ON 2024 BALLOT "McDonald's offers, just as many restaurants in that category, a fantastic first job, way up the ladder for people. And that's a great thing for our country," he said. "What yo
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News
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website