Before, you lose your mind about more price increases, this one actually isn’t for a bad reason. Recently, employees of the popular food chain Chipotle were walking away from the franchises during the day while business was in full day operation because they felt they were being underpaid. Well word got out across social media and national media airwaves, the corporate offices had to figure something out quick; and that they did. The employee strike paid off for the employees are the consumers expense.
According to cnn.com, “Chipotle is taking the necessary steps to make good on its previous promise last month to raise the pay of company employees—however in order to do that, prices are about to go up considerably.” According to Chipotle’s Chief Financial Officer John Hartung, the popular Tex-Mex fast food chain is raising its menu prices by an estimated 3.5% to 4% to accommodate higher employee wages.“ You take about a 4% price increase to cover the dollar cost of the extra labor,” he said during a recent press conference.”
Just as long as the people aren’t stingy with them scoops we’re good over here!