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AngelsNAirwav3s 06/09/21 1:15:39 AM #1: |
https://www.cnn.com/2021/06/08/business/chipotle-menu-prices/index.html
Chipotle raised its menu prices by about 3.5% to 4% to cover the cost of higher wages for employees, the company's Chief Financial Officer John Hartung said Tuesday. "You take about a 4% price increase to cover the dollar cost of the extra labor," he told an analyst during a conference. Chipotle (CMG) announced in May that it would increase restaurant worker pay to an average of $15 per hour. The company said at the time that it was looking to hire 20,000 new employees ahead of the summer. As restaurants prepare for a bustling summer, many are finding it difficult to staff up. And Chipotle's not the only chain trying to attract labor with higher wages. McDonald's (MCD) said last month that it would hike pay for workers at its company-owned stores, and in March Darden Restaurants (DRI), which owns Olive Garden, said it would raise wages. --- Hello world! ... Copied to Clipboard!
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ryudo500 06/09/21 1:16:26 AM #2: |
ofc. but nobody would believe this. not progressive's ofc.
now imagine landlords and once chiptole finds out what its producers like sysco are gonna cahrge, itll go up even more a bit --- squaresoft NEVER FORGET LAKERS & SPURS ... Copied to Clipboard!
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Unsugarized_Foo 06/09/21 1:17:50 AM #3: |
I had already stopped going as it's about $20 to get chips, burrito, and drink
--- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana ... Copied to Clipboard!
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JTilly 06/09/21 1:18:29 AM #4: |
They never dole over enough meat smh
--- WittleJimmyJimmyjumper ... Copied to Clipboard!
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AngelsNAirwav3s 06/09/21 1:19:10 AM #5: |
Uber/Lyft/Taxi rides are also up about 40% from pre-pandemic rates
--- Hello world! ... Copied to Clipboard!
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DarkChozoGhost 06/09/21 1:24:25 AM #6: |
The raise I got to keep me from jumping to an easier job will more than make up for that price difference. Even if I got Chipotle every week (which is absurd).
--- My sister's dog bit a hole in my Super Mario Land cartridge. It still works though - Skye Reynolds 3DS FC: 3239-5612-0115 ... Copied to Clipboard!
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ExtremeLuchador 06/09/21 1:25:30 AM #7: |
They raise their prices every year. Every restaurant here does.
--- "It was horrible," guard Jeff McInnis said. "I took 100 naps and we were still in the air." ... Copied to Clipboard!
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Axiom 06/09/21 1:25:49 AM #8: |
Am I supposed to care about 4%. Raise it more and pay your people more Chipotle
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_____Cait 06/09/21 1:26:55 AM #9: |
Prices have risen even before minimum wage was raised.
how easily we forget history --- ORAS secret base: https://imgur.com/V9nAVrd 3DS friend code: 0173-1465-1236 ... Copied to Clipboard!
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AngelsNAirwav3s 06/09/21 1:27:52 AM #10: |
Axiom posted...
Am I supposed to care about 4%. Raise it more and pay your people more Chipotle Not everyone lives off Daddys money --- Hello world! ... Copied to Clipboard!
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Bananana 06/09/21 1:28:07 AM #11: |
hot take: im okay with paying 50 cents more for a burrito to improve thousands of lives
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gunplagirl 06/09/21 1:30:42 AM #12: |
They could afford to raise wages without raising prices. Thing is, that's not profitable. They'd raise the price regardless, but doing it like this means they can get customers pissed at employees rather than corporate.
--- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi ... Copied to Clipboard!
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Axiom 06/09/21 1:31:56 AM #13: |
Bananana posted...
hot take: im okay with paying 50 cents more for a burrito to improve thousands of livesYup. The right are suckers though and believe what some CFO is saying when said CFO is actually banking on their ignorance and just using it as an excuse to raise prices like they always do ... Copied to Clipboard!
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loafy013 06/09/21 2:06:31 AM #14: |
Axiom posted...
Am I supposed to care about 4%. Raise it more and pay your people more ChipotleI remember when papa johns said if they gave health insurance to employees, it would raise the price of a pizza 25 cents. General concensus was people were fine with this idea. So the company showed their true colors by saying fuck you anyway and not helping out their employees. --- The ball is round, the game lasts 90 minutes. That's fact. Everything else, is theory. ... Copied to Clipboard!
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Jeff AKA Snoopy 06/09/21 2:07:05 AM #15: |
If a slight rise in minimum wage means your business would fail, maybe you shouldn't be in business.
--- ... Copied to Clipboard!
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IMNOTRAGED 06/09/21 1:47:36 PM #16: |
https://twitter.com/kenklippenstein/status/1402673021387673603
--- https://imgur.com/kkm3QaD "Be ruthless with systems; be kind to people." ... Copied to Clipboard!
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Giant_Aspirin 06/09/21 1:49:49 PM #17: |
ryudo500 posted...
ofc. but nobody would believe this. not progressive's ofc. progressive here. not only do i believe it, i welcome this with open arms. i'll gladly pay a paltry 4% increase on my food order if it means a livable wage for the employees. think before you post. --- Playing: Yakuza 4 Remaster; Luigi's Mansion 3; Dead Cells; You see it your way, I'll see it mine and I'll be fine ... Copied to Clipboard!
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BilalPowell 06/09/21 1:50:26 PM #18: |
Makes sense
--- Former #1 Birmingham Iron Fan. RIP AAF ... Copied to Clipboard!
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Sorozone 06/09/21 1:50:47 PM #19: |
Prices were going to go up anyway. Min at 15 or not.
This has nothing to do with minimum wage. --- ... Copied to Clipboard!
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CommonStar 06/09/21 1:52:10 PM #20: |
A couple cents I gotta pay more so their workers can forestall homelessness? Fine by me.
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Jabodie 06/09/21 1:52:42 PM #21: |
So why did the last price hike happen?
--- <insert sig here> ... Copied to Clipboard!
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Sayoria 06/09/21 1:53:00 PM #22: |
Simple. Eat elsewhere. Greedy dicks like this guy deserves no money.
--- Japanese Crack: http://www.dailymotion.com/video/x5pzggr ... Copied to Clipboard!
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SSJPurple 06/09/21 1:53:02 PM #23: |
Seriously, im fine with the prices of things rising a little bit so people can live more comfortably. Paying people dirt wages just so you can keep a dollar menu is shitty. --- Devil's Advocate ... Copied to Clipboard!
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Bleuets 06/09/21 1:53:20 PM #24: |
Aint eating there anymore then. Their prices were already high enough.
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BilalPowell 06/09/21 1:53:26 PM #25: |
Jabodie posted...
So why did the last price hike happen?Increase in demand --- Former #1 Birmingham Iron Fan. RIP AAF ... Copied to Clipboard!
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Xavier_On_High 06/09/21 1:53:39 PM #26: |
Haha oh no people will have to pay 4% more for their cheap ass fast food so that the people cooking it can be paid almost a living wage haha oh no the unbridled socialism haha
--- ... Copied to Clipboard!
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NinjaWarrior455 06/09/21 1:54:05 PM #27: |
Only a moron would think raising the minimum wage would be an issue and complain about a measly raise in prices (that a company like chipotle wouldn't even need to do but are so that their bottom line doesn't drop)
--- Super Bowl 52 Champions!!!! http://myanimelist.net/animelist/NinjaWarrior457 ... Copied to Clipboard!
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hockeybub89 06/09/21 1:54:18 PM #28: |
Ok and? Is it 1:1? Should we pay everyone 2 dollars an hour to lower prices? Could we support the economy if we were all too poor to afford anything?
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Webmaster4531 06/09/21 1:56:39 PM #29: |
It's funny how much the temporarily embarrassed millionaires cry about 50.
--- Ad Hominem. ... Copied to Clipboard!
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3PiesAndAFork 06/09/21 1:58:24 PM #30: |
People who cry about a 4% increase in prices can't afford chipotle anyways. Stick to taco bell.
--- @('_')@ ... Copied to Clipboard!
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littlebro07 06/09/21 1:59:44 PM #31: |
Minimum wage in Nebraska is $9.
Not sure what Chipotle started people at but Ill just assume $9.00 like most other restaurants. $9 to $15 is a 66.7% raise a 4% increase on menu items that would have happened anyway seems fair --- ... Copied to Clipboard!
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Quicksilver 06/09/21 2:03:30 PM #32: |
Eating at these restaurants is getting too expensive. Looks like I will be crossing another place off my list.
--- I play video games. ... Copied to Clipboard!
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SSJPurple 06/09/21 2:08:40 PM #33: |
Quicksilver posted...
Eating at these restaurants is getting too expensive. Looks like I will be crossing another place off my list. Thats probably a good idea if paying an extra dollar or two for a burrito is breaking your bank --- Devil's Advocate ... Copied to Clipboard!
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The-Apostle 06/09/21 2:11:51 PM #34: |
Who could've seen this happening? Oh wait I did.
--- http://goo.gl/mnO36O #GoPackGo Not changing sig until NHL players are allowed to play in the Olympics. Started 2/22/2018 ... Copied to Clipboard!
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EmbraceOfDeath 06/09/21 2:12:05 PM #35: |
IMNOTRAGED posted...
https://twitter.com/kenklippenstein/status/1402673021387673603This is why raising the minimum wage alone isn't enough. Prices don't need to increase, we just need restrictions on executive pay and that money can go toward paying fair wages for employees. --- PSN/GT: BigDaffej ... Copied to Clipboard!
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PoundGarden 06/09/21 2:13:35 PM #36: |
Well thats just crazy, all the financial experts here in CE said that would never happen! Even though it's happened literally every single time lmao
--- "You go. I'm just going to stare at the lake and think about how I almost just killed a baby." ... Copied to Clipboard!
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Shablagoo 06/09/21 2:13:41 PM #37: |
SSJPurple posted...
Thats probably a good idea if paying an extra dollar or two for a burrito is breaking your bank Thats whats funny, its not even remotely close to that much of an increase unless their burritos currently cost $25-50 --- "If you wanna grow your business you need to exploit more." ~Austin_Era_II "Out of those two? Racist for me... easily." ~Vicious_Dios ... Copied to Clipboard!
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MC_BatCommander 06/09/21 2:14:29 PM #38: |
Wow 4% was all it took?
That's nothing lol, people acting smug like 4% is gonna break the bank --- The Legend is True! ... Copied to Clipboard!
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metralo 06/09/21 2:15:23 PM #39: |
why are you guys acting like a 4% increase is a big deal
oh no your 10 dollar burrito costs 10.40 however will you survive --- https://pbs.twimg.com/profile_images/1298321979/image.jpg bustin makes me feel good ... Copied to Clipboard!
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WrkHrdPlayHrdr 06/09/21 2:18:01 PM #40: |
I am 100 percent fine with this. Hopefully it has the added effect of pulling people off of welfare and having us spend less money on welfare which will earn me some of this money back.
--- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od ... Copied to Clipboard!
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Jagr_68 06/09/21 2:19:18 PM #41: |
MC_BatCommander posted...
Wow 4% was all it took? Yeah like a burrito bowl with good shit on it is already $15 as is, what's another dollar extra. Scummy af that employees are "blamed" for the price hike tho. --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 ... Copied to Clipboard!
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hockeybub89 06/09/21 2:20:40 PM #42: |
"Supply and demand!"
*employees demand more pay to supply work* "Entitled assholes need to stop making demands!" --- ... Copied to Clipboard!
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E_S_M_Z 06/09/21 2:23:06 PM #43: |
4%? That's it? That's like 40 cents a meal extra.
I think this news has the opposite impact you wanted it to have. Like, social equity costed less than sales tax this entire time...? --- ()xxx[]:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::> Vanquisher of Gadonuts & The Ghost o' Quakecon Yet To Come ... Copied to Clipboard!
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Antifar 06/09/21 2:24:23 PM #44: |
I'm sure their plan was otherwise to freeze prices at 2020 levels forever.
--- kin to all that throbs ... Copied to Clipboard!
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Bleuets 06/09/21 2:25:32 PM #45: |
MC_BatCommander posted...
Wow 4% was all it took? thats not smug thats called not being rich. Smug would be shaming those concerned about it, see your response. ... Copied to Clipboard!
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WrkHrdPlayHrdr 06/09/21 2:26:30 PM #46: |
E_S_M_Z posted...
4%? That's it? That's like 40 cents a meal extra. I'll give TC the benefit of the doubt since they didn't really add anything to the first post and it was just a copy/paste of the article. They could have been pointing out that 4 percent isn't a lot but we don't know. --- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od ... Copied to Clipboard!
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hockeybub89 06/09/21 2:27:31 PM #47: |
Antifar posted...
I'm sure their plan was otherwise to freeze prices at 2020 levels forever.Exactly. We all know this is the first time prices have risen since the last federal minimum wage hike --- ... Copied to Clipboard!
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Webmaster4531 06/09/21 2:27:39 PM #48: |
Bleuets posted...
thats not smug thats called not being rich. Smug would be shaming those concerned about it, see your response.You hear that guys. 40 makes you rich. --- Ad Hominem. ... Copied to Clipboard!
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CableZL 06/09/21 2:27:52 PM #49: |
A 4% increase in prices to give the workers a 66% pay increase is fine with me. It's not like they don't increase their prices on a semi-regular basis any way.
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Doom_Art 06/09/21 2:28:44 PM #50: |
Companies raise their prices all the time, they just have an excuse to get the idiots mad at someone besides them this time though
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