“The wage increase in 2015 - to be a $1 above the local minimum wage - was applicable to the local wages on July 1, 2015, but was not a policy thereafter,” the fast food chain said in a statement. As a result, the company said, they would make an average of $10 an hour.īut three years later, Fight for 15 accused McDonald’s of lying to workers and released pay stubs showing that workers in eight different cities were making between 40 and 70 cents above their local minimum. In April 2015, McDonald’s announced that it would implement a wage increase for 90,000 workers at its 1,500 company-owned restaurants in the U.S the chain said that as of 1 July of that year, employees would earn at least $1 more than the local minimum wage. We contacted McDonald’s seeking comment, but the restaurant chain has yet to respond. Web sites like and, which aggregate companies’ salary information, reported that the average salary for a McDonald’s employee is around $9 per hour. Department of Labor, 29 states currently have minimum wages higher than the federal standard of $7.25 an hour.
#Cost of a big mac in usa mac#
In July this year, the index found that a Big Mac cost around 2.19 in South Africa, compared to 5.74 in the US. It says that in the long run, exchange rates ought to adjust so that an identical product should cost the same across countries. For its part, the Australian government’s Fair Work Ombudsman states that the minimum wage there is $18.29 Australian, equivalent to $13.64 American dollars.Īccording to the U.S. The Big Mac Index is based on the theory of purchasing-power parity. However, a French government states on its web site that the country’s minimum wage is 9.88 Euro, equivalent to $11.71 U.S. The group also based its findings on a Wikipedia page listing minimum wages in 193 countries. Fight for 15, which has campaigned for the company to both institute a minimum wage of $15 per hour across the board and allow workers to unionize, also noted that it based its Big Mac prices on the “Big Mac index,” a currency-comparison guide published by The Economist compiling average prices for the burger at McDonald’s locations in various countries to “make exchange-rate theory more digestible” for readers.
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