Re:Chipotle hikes prices to cover the cost of raising wages
by vgeek on Tuesday June 08, 2021 @07:25PM
(#27442381)
This is a good thing. Everyone _should_ be happy to pay an extra 5-10% if it goes to the workers.
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Re:Chipotle hikes prices to cover the cost of raising wages
by listenallyall on Tuesday June 08, 2021 @08:05PM
(#27442678)
Oh, how simple it is to fool the common folk. Chipotle is going to pay market wages, regardless, or it will have to close stores due to lack of employees. Its pre-pandemic operating margin was over 20% so it can rather easily absorb a 4% boost in labor costs. What you, as a Chipotle customer, are paying, is a surcharge to help the CEO and exec team grow operating margin and profits and earn a big bonus. That's all.
(https://ir.chipotle.com/2020-02-04-Chipotle-Announces-Fourth...)