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MCD
Business Insider
2 days

McDonald's CEO says restaurants that rely on tips are 'getting the customer to pay' for their employees

1. MCD workers miss tax relief in 'no tax on tips' provision. 2. CEO Kempczinski highlights disadvantage due to tipping practices. 3. Tipped wages create an 'uneven playing field' in restaurants. 4. He advocates for equal minimum wage across restaurants. 5. Survey shows customers weary of frequent tipping requests.

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FAQ

Why Neutral?

The CEO's comments highlight competitive disadvantages without direct financial implications.

How important is it?

The article addresses industry wage dynamics impacting MCD's competitive landscape but lacks immediate financial implications.

Why Long Term?

Changes in wage laws could affect labor costs and market positions over time.

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