Customers dining at Chipotle restaurants will see higher food prices thanks to a newly announced employee pay raise to $15 an hour.
The fast-casual Mexican food chain said menu prices will be raised by as much as 4% in order to mitigate the employee pay raises announced last month, which will pay employees $15 per hour by the end of June.
“It made sense in this scenario to invest in our employees and get these restaurants staffed and make sure that we have the pipeline of people to support our growth,” Chipotle CEO Brian Niccol said about the move. “And then with that, we’ve taken some pricing to cover some of that investment.”
Democrats across the country have actively pushed to raise the federal minimum wage to $15 an hour and recently failed to attach that provision into a recent COVID-19 spending package. (Read more from “Chain Restaurant Raises Menu Prices To Counteract Its Minimum Wage Hike” HERE)
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