McDonald’s, Bank of America Accelerate Higher Min. Wage Push

The transcript discusses how the pandemic has led to a labor shortage, prompting companies to offer higher wages, bonuses, and hybrid work opportunities. Essential workers demand respect and fair pay, fueling a movement for a $15 minimum wage. Companies like McDonald's and Target are increasing wages, which may lead to inflation concerns. Despite these concerns, businesses feel pressured to meet new wage benchmarks.

What are some companies mentioned that have announced wage increases?

What concerns do companies have regarding inflation and worker pay?