McDonald’s Boosting Average U.S. Wages to Over $13 an Hour (2)

McDonald’s Corp. will raise hourly wages to help it hire and retain workers in an increasingly tight labor market for U.S. restaurants.

The raises, which average about 10%, bring hourly entry-level salaries to a range of $11 to $17, with managers starting at $15 to $20, depending on location. Once the raises are completed, average hourly pay at company-owned restaurants will be more than $13, McDonald’s said.

More than 36,500 employees are slated to receive this round of hikes, which have already started and will be fully rolled out in the coming months, the company said. Average hourly wages across ...