A shortage of workers has sparked a wage war and a local McDonald’s is upping their game by raising the minimum wage to $20 per hour.
According to FOX 46 Charlotte, A McDonald’s in Belmont is advertising a pay rate of $20 per hour. This move could be problematic for small businesses who will have to raise their wages in order to compete against the fast food giant. The question is will these pay raises become the norm or will the company revert back to previous wages before the worker shortage? Furthermore, will these wage increases impact consumer prices as companies adjust to offset the cost?