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Chipotle Reportedly Raising Menu Prices By 4% In Order To Raise Employee Pay To $15 An Hour

<p data-pm-slice&equals;"1 1 &lbrack;&rsqb;">&num;Roommates&comma; we know you love <a href&equals;"https&colon;&sol;&sol;dev&period;theshaderoom&period;com&sol;chipotle-to-pay-25m-in-order-to-settle-federal-food-safety-case&sol;">Chipotle<&sol;a>&comma; but you need to start saving a few extra coins in order to pay for it&comma; thanks to the company’s new higher prices&period; Chipotle recently confirmed that it is officially raising all menu prices by up to 4&percnt; to cover the cost of raising the wage of company employees to &dollar;15 an hour&period;<&sol;p>&NewLine;<p>&commat;CNN reports&comma; Chipotle is taking the <a class&equals;"ProsemirrorEditor-link" href&equals;"https&colon;&sol;&sol;www&period;cnn&period;com&sol;2021&sol;06&sol;08&sol;business&sol;chipotle-menu-prices&sol;index&period;html&quest;utm&lowbar;term&equals;link&amp&semi;utm&lowbar;source&equals;twCNN&amp&semi;utm&lowbar;medium&equals;social&amp&semi;utm&lowbar;content&equals;2021-06-09T04&percnt;3A04&percnt;3A03">necessary steps<&sol;a> to make good on its previous promise last month to raise the pay of company employees—however in order to do that&comma; prices are about to go up considerably&period; According to Chipotle’s Chief Financial Officer John Hartung&comma; the popular Tex-Mex fast food chain is raising its menu prices by an estimated 3&period;5&percnt; to 4&percnt; to accommodate higher employee wages&period; &OpenCurlyDoubleQuote;You take about a 4&percnt; price increase to cover the dollar cost of the extra labor&comma;” he said during a recent press conference&period;<&sol;p>&NewLine;<p>Just last month&comma; Chipotle announced its intent to universally raise employee pay to &dollar;15 an hour&comma; while also revealing its plans to hire a staggering 20&comma;000 new employees before the summer season officially begins in just a few weeks&period; Additionally&comma; Chipotle is sweetening the terms of employment by also offering a &dollar;200 employee referral bonus&period; To show that growth within the company is a definite possibility&comma; the company also stated that employees can be promoted to a general manager position within an average of three and a half years—a position that comes with an estimated &dollar;100&comma;000 annual salary&period;<&sol;p>&NewLine;<p>This is a positive turn for Chipotle&comma; as the company was in hot water back in April when it was hit with a lawsuit from New York City due to its widely questionable labor practices&period; The terms of the ongoing lawsuit allege that the company broke the law by neglecting to give its employees less hectic schedules&period;<&sol;p>&NewLine;<p>In response to the NYC lawsuit&comma; company Chief Corporate Affairs Officer Laurie Schalow said via statement&comma; &OpenCurlyDoubleQuote;We make it a practice to not comment on litigation and will not do so in this case&period;”<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Want tea directly in your text inbox&quest; Hit us up at 917-722-8057 or <a class&equals;"ProsemirrorEditor-link" href&equals;"https&colon;&sol;&sol;my&period;community&period;com&sol;theshaderoom">click here to join&excl;<&sol;a><&sol;p>&NewLine; <div class&equals;"wpra-reactions-wrap wpra-plugin-container" style&equals;"justify-content&colon; center&semi;&semi;"> <div class&equals;"wpra-reactions-container" data-ver&equals;"1&period;3&period;10" data-post&lowbar;id&equals;"76125" data-show&lowbar;count&equals;"true" data-enable&lowbar;share&equals;"onclick" data-behavior&equals;"regular" data-animation&equals;"true" data-share&lowbar;url&equals;"https&colon;&sol;&sol;dev&period;theshaderoom&period;com&sol;chipotle-reportedly-raising-menu-prices-by-4-in-order-to-raise-employee-pay-to-15-an-hour&sol;" data-secure&equals;"bb78727029"> <div class&equals;"wpra-call-to-action" style&equals;"color&colon; 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Danielle Jennings

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