McDonald's is giving 90,000 workers a raise

April 1, 2015 8:30 PM

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McDonald's plans to increase hourly wages by for roughly 90,000 workers -- a move that follows in the footsteps of retail giants Walmart (WMT) and T.J. Maxx (TJX) and new state minimum wage laws across the country.

Effective July 1st, McDonald's (MCD) starting wages will be at least $1 an hour more than the minimum wage set by local law, the fast-food chain announced Wednesday. All employees up to restaurant managers will get a pay bump as well.

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