McDonald’s has succumbed to pressure from Chinese groups and will raise its wages in that country. It will also gets it employees new uniforms. Seriously.
The fast good chain has been accused of under-paying its people and making them speak too much English.
The company has almost 900 stores in the country, and cannot afford to alienate the government given the size of the market opportunity.
MCD joins Wal-Mart (WMT) as a firm that has knuckled under. The world’s largest retailer now has a union linked to the government organizing its workers, a move its has resisted in the US.
Doing business in China keeps getting more expensive
Douglas A. McIntyre
In 20 Years, I Haven’t Seen A Cash Back Card This Good
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.