Top executives at McDonald’s, Walgreens, Domino’s and other companies weigh in on wage mandates and how they set pay for their workers
While lawmakers debate whether to raise the federal minimum wage to as much as $15 an hour from the current $7.25, chief executives are weighing in about the potential impact on their businesses.Christopher J. Kempczinski, chief executive of McDonald’s Corp.
“There was a significant increase in the minimum wage that was passed in Canada a couple of years back. And that team, working with the franchisees, did a spectacular job of working that through on to the menu, through pricing, through productivity. … The [U.S.] minimum wage is most likely going to be increasing, whether that’s federally or at the state level, as I referenced.
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