McDonald’s Corp. will become the first fast-food chain to raise its minimum wage this summer when it ups compensation at its corporate-owned locations by at least a dollar more than the local minimum hourly rate.

In all, the planned July 1 hike will average about 10 percent for the 90,000 affected workers, rising to about $9.90 per hour with the average wage expected to top $10 by the end of 2016. Subsidies for some education costs will also be available.

The move will not affect the 14,000 McDonald’s locations — 90 percent of all Golden Arches — owned by franchisees.

The move follows announcements by Wal-Mart, Target and other retailers to raise their wage floor.

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