This week, McDonald's revealed plans to increase wages by around 10% for over 36,000 employees who work in company-owned restaurants (not franchises).
This is a huge deal for McDonald's, which has more stores than any other fast food chain besides Subway and Starbucks, and it comes only a week after competitor Chipotle reported a pay increase.
As the largest fast food chain, what McDonald's does has a significant effect on the rest of the fast food industry, which employs more than 4 million people in the United States alone.
Source: QSR Magazine, chartr