Chipotle raising prices to offset its own $15 minimum wage hike

3,945 Views | 63 Replies | Last: 10 days ago by No Spin Ag
CrottyKid
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https://www.fox4news.com/news/chipotle-raising-prices-to-offset-its-15-minimum-wage-hike?utm_campaign=trueanthem&utm_medium=trueanthem&utm_source=facebook

What? This is my shocked face.
aggie09whoop
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Freebirds >>>>>>>> Chipotle
Ocean Of Funk
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Looking forward to this ass chain going out of business.
CyclingAg82
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Just another reason to not eat there. Raising prices on crappy food is not a winning formula.
CCP Joe Veggie
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Ocean Of Funk said:

Looking forward to this ass chain going out of business.
this
CCP Joe Veggie
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Chipotle has a 93 PE ratio. Why?

Might be time for a short.
BCG Disciple
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Unfortunate. I like chipotle. Wish they would focus on their business and not virtue signaling themselves out of business.
Anti-taxxer
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Chipotle is trash.
Dos Tasadores De TAMU
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My wife and I make better food than Chipotle on an electric skillet.

MaroonStain
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Chipotle is toilet.
MookieBlaylock
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$15 an hour to wrap a burrito

Might as well let the people BYOB
JW
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Was already too expensive
Fightin2010
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Why don't they just sell two more burritos?
nortex97
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I do almost wish I could share how I won't eat there now, but my dining practices will have no impact on them at all ever.
mosdefn14
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DFW area.

Jimmy Johns is paying more than $15 to wrap a sandwich.

Chick Fil A is offering $18.50 starting pay.

A Registered Nurse is going to make somewhere around $20-$22/hr first year out of school. So just $1.50/hr or roughly $3000/year more than a fry cook.
MouthBQ98
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Wage compression. You break down a lot of highly skilled white collar or skilled blue worker wages and they're only 2-3 times that wage for completely unskilled labor, when not long ago it was 4-6 times the value.

As inflation continues, the middle class is going to start noticing what kind of bull**** that is. It will shrink the middle class.
SaluteTheMarines
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mosdefn14 said:

DFW area.

Jimmy Johns is paying more than $15 to wrap a sandwich.

Chick Fil A is offering $18.50 starting pay.

A Registered Nurse is going to make somewhere around $20-$22/hr first year out of school. So just $1.50/hr or roughly $3000/year more than a fry cook.


That is nuts. In EMS, I started at $11 and thankfully found a company pays double that within a year or I would of gone on to something else that pays. Overtime is awesome.
Lifelong student at the Center for Advanced Legal Studies and fan of El Rushbo.
Muy
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This is going to happen everywhere. Thanks to the left, companies are going to continue to have to offer people way more than the job demands in order to get workers off their couches. The companies aren't going to cover that cost, it's going to trickle down to their customers.
mosdefn14
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Met a lady the other day. Young single mom fresh out of high school, trying to better her life the right way. Working as a tech overnight shift in the hospital ($14/hr) while doing nursing school during the day. Hospital reimburses her tuition for good grades, so she should finish up debt free.

She was lamenting that long term she knows nursing will be a good career path, but it would be so much easier and make ends meet to quit and work at chick fil a.

Smart money bet is no one wants to be a nurse, firefighter, or police officer here soon. Good job CMs.
AggieLostinDallas
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Just sell two more quesos.
“A republic, if you can keep it”
zephyr88
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water is wet

how did you figure it was going to go?
SB 43rd STREET OG
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Haven't visited one in years but might stop in just to messy up their bathroom. F it, liberals deserve much worse.
BQ_90
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aggie09whoop said:

Freebirds >>>>>>>> Chipotle
both suck
torrid
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G Martin 87
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Muy said:

This is going to happen everywhere. Thanks to the left, companies are going to continue to have to offer people way more than the job demands in order to get workers off their couches. The companies aren't going to cover that cost, it's going to trickle down to their customers.
(Pssst. That was the Dems plan all along: extort a "living wage" from private business by paying people more not to work. It's working.)
Fightin TX Aggie
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Here's the great thing.

No one needs to be upset by this. Either the market will punish Chipotle for bad business, or it will reward Chipotle with good employees.

Government mandating this would be bad. A company decision to try it is not bad or even good. It will just be successful or will fail, and the market will decide.
YouBet
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Yep, the Democrats plan has worked. They got their living wage increases institutionalized through UE. They are freaking genius in their ability to run end arounds on America and f^ck us all.

Of course, there illiteracy in economics didn't allow them to foresee the rise in prices everywhere else which offsets these wage increases and simply sets a new baseline.

Because they are morons and traitors.
YouBet
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MouthBQ98 said:

Wage compression. You break down a lot of highly skilled white collar or skilled blue worker wages and they're only 2-3 times that wage for completely unskilled labor, when not long ago it was 4-6 times the value.

As inflation continues, the middle class is going to start noticing what kind of bull**** that is. It will shrink the middle class.
Yes, I would recommend white collar folks not break down their actual hourly rate. It might surprise you.
BuddysBud
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What do these companies do when inflation reduces the value of $15/hr to no longer be a "living wage"? They need to make $20, $30, $50 the minimum wage for employees. Inflation from stupidity is the worse.

The other option is that companies will pay $10/hr equivalent to have machines do the work. The customers do more themselves and one person, if any, gets paid more to make sure the machines are running.

Paying more and not expecting more productivity does not make actual wages increase. It just creates inflation.

Maybe it's all just part of the Great Reset.
Ag In Ok
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There in lies the problem. We don't know how to calculate CPI / inflation let alone something more subjective (from an Austrian perspective) like the Living Wage. We have no idea how it is done so congress and life long beurocrats invested in the system pat us on the head and tell us to trust their masters degree and excel file. Some even with a PhD who still don't know what they are doing. "Trust the data" is utter bull**** when the person looking at the data is effectively no different that a tarot card reader.
And Epstein didn’t kill himself.
Tony Franklins Other Shoe
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Get one of these started, won't really matter based on the quality that place puts out.

Win At Life
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Had had the most delightful service at a Starbucks drive through window yesterday. Sounds like she was pleased as punch to be making $15/hr to serve me an $8 iced drink. I guess you really do get what you pay for.
Sniffing Accountant
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aggie09whoop said:

Freebirds >>>>>>>> Chipotle
Freebirds is trash. Always has been
bdgol07
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Sniffing Accountant said:

aggie09whoop said:

Freebirds >>>>>>>> Chipotle
Freebirds is trash. Always has been
....and yet, the original statement is still accurate
Sniffing Accountant
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bdgol07 said:

Sniffing Accountant said:

aggie09whoop said:

Freebirds >>>>>>>> Chipotle
Freebirds is trash. Always has been
....and yet, the original statement is still accurate
Except it's not
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