News for hackers. Stuff that matters.

A comment on Chipotle bumps pay to 15$, adds benefits in push to hire 20k. Parent comment

Re:Chipotle bumps pay to 15$, adds benefits in push to hire 20k by arcticbull on Wednesday May 12, 2021 @01:48AM (#27127041)
CPI is the benchmark against which inflation is measured. It's the definition, so if CPI isn't going up, there's nothing to acknowledge. IMO it will go up, there will be a transient spike that will dissipate.
[ Parent | on HN ]
Re:Chipotle bumps pay to 15$, adds benefits in push to hire 20k by listenallyall on Wednesday May 12, 2021 @10:41AM (#27130877)
You're at least half-right, CPI did go up...

https://news.ycombinator.com/item?id=27129927

[ Parent | on HN ]
Re:Chipotle bumps pay to 15$, adds benefits in push to hire 20k by arcticbull on Wednesday May 12, 2021 @05:09PM (#27135168)
Yup but the 2% target is over a long timeframe. Transient spikes are fine. There was a big drop last year.
[ Parent | on HN ]
Re:Chipotle bumps pay to 15$, adds benefits in push to hire 20k by listenallyall on Wednesday May 12, 2021 @06:20PM (#27135863)
Whether the current spike is "transient" is yet to be seen
[ Parent | on HN ]