McDonald's serves up fresh evidence of rising wage pressure in the American labor market

McDonald's plans to raise pay for workers at its company-owned US restaurants

• Starting July 1, McDonald's will pay at least $1 per hour more than the local legal minimum wage for employees at the roughly 1,500 restaurants it owns in the U.S.
• McDonald's says the pay hike will apply to around 90,000 workers
• The company will also enable workers after a year of employment to accrue up to five days of paid time-off annually