McDonald's (MCD) Joins The Communist Party

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McDonald’s has succumbed to pressure from Chinese groups and will raise its wages in that country. It will also gets it employees new uniforms. Seriously.

The fast good chain has been accused of under-paying its people and making them speak too much English.

The company has almost 900 stores in the country, and cannot afford to alienate the government given the size of the market opportunity.

MCD joins Wal-Mart (WMT) as a firm that has knuckled under. The world’s largest retailer now has a union linked to the government organizing its workers, a move its has resisted in the US.

Doing business in China keeps getting more expensive

Douglas A. McIntyre