On Wednesday, McDonald’s Corp (NYSE:MCD) has announced that they have temporarily closed their headquarters for the third year in a row as its workers have wage protests. According to ABC News one protest began on Wednesday at the Rock N Roll McDonald’s in Chicago. There will also be protests on Thursday during the company’s shareholders’ meeting at their headquarters located in Oak Brook, Illnois. Lisa McComb, a spokeswoman for McDonald’s stated that the company “encouraged its employees to work from home.”
Workers are protesting for a higher minimum wage. The fight for $15 has been going on since 2012. According to Reuters, the organizers say that the annual meeting protests be the biggest one yet and will run from Wednesday evening through Thursday morning. According to Associate Press, other low-wage workers are expected to gather in Oak Brook on Wednesday as well to demand a higher minimum wage. According to The Daily Caller News, they received a text saying “thousands marching on McDonald’s HQ right now,” said a representative from The Fight for $15 movement. “Stand with the marcher by sharing now.”
The Fight for $15 movement released a statement on their website which states, “McDonald’s profits keep growing while their workers struggle. People who work full time should never have to rely on food stamps to feed themselves and their families.” “It’s wrong for a company whose stock just hit an all-time high to pay wages so low that its workers have to rely on public assistance to scrape by. McDonald’s profits in the first quarter rose 35%-it’s time for the company to share its good fortune with its workers.” McDonalds have been accused by the Fight for $15 movement of taking advantage of its workers. The movement encourages its supporters to share their own stories on how low wages affect them.
McDonald’s has reported $1.1 billion in profits on sales of $5.9 billion in the first quarter.