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McDonald’s, Amazon Accelerate Push Toward Higher Minimum Wage

May 14, 2021, 1:03 PM

As the U.S. economy rebounds from the ravages of Covid-19, the country’s biggest corporations find themselves in need of workers, putting upward pressure on pay.

Retail giants, fast-food chains, and ride-hailing companies are offering higher wages and cash payments. Referral and signing bonuses, rarely needed before to fill entry-level, low-wage jobs, are now commonplace. These incentives represent a slow but steady march toward a goal that lawmakers and labor activists have pursued for years, with limited success: a higher minimum wage, approaching $15 an hour.

McDonald’s Corp. announced Thursday it will raise hourly wages by about 10%, bringing the average ...