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McDonald's on track to close its gender pay gap in 2022
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McDonald's says it is on track to close the fast food chain's gender pay gap in 2022.
"Our company has been adjusting salaries and investing in equal pay within the business, and our efforts have been very successful," McDonald’s vice president of global business services Debbie Ballard said in a blog post on Tuesday. "As of its 2021 equal pay analysis across staff and company-owned restaurant employees, McDonald's pays women globally 99.85 cents on the dollar for similar work, taking into account legitimate pay drivers such as level, location, experience, and performance."
Ballard noted that approximately 54% of McDonald's global staff are women.
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Women earn 82 cents for every dollar a man earns, according to the Bureau of Labor Statistics.
BLS data shows that, in 2020, women's annual earnings were 82.3% of men’s. Compared with White men with the same education, Black and Latina women with only a bachelor's degree have the largest gap at 65%, and Black women with advanced degrees earn 70% of what White men with advanced degrees earn.