McDonald's is raising wages by 10%

Reuters

The Big Mac chain will also add benefits like paid vacation for workers, according to the Wall Street Journal.

"Starting July 1, McDonald's will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the US," the Journal reports. "The increase, which McDonald's said will apply to some 90,000 workers at all levels of experience and rank, will lift the average hourly rate for its U.S. restaurant employees to $9.90 on July 1 and more than $10 by the end of 2016, from $9.01 currently. McDonald's also will enable workers after a year of employment to accrue up to five days of paid time-off annually."

Fast food workers across the globe have been holding protests and walking out on their jobs in an attempt to force the industry to raise wages to at least $15 an hour.

In response to these protests in the past, McDonald's has warned that wage increases would force franchisees to raise menu prices.

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