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Chipotle has increased its menu prices by approximately 4% to cover the cost of raising its workers' wages, which should reach an average of $15 an hour by the end of June. See: Costco, Amazon and...
The fast food chain announced it would increase pay for its employees last month.
Hospitality. as the economy roars back companies are hungry to hire, but many workers are holding back. child care is still a problem for millions of parents, especially mothers. there are health and safety concerns. front line low wage workers, they are not rushing to get back to, quote/unquote, normal, a couple of jobs and low wages is why employers are offering everything from free college tuition and scholarships to attract new employees. it's a reckoning in the american jobs market. workers hold the cards here and companies are finding they need to pay more to attract and retain workers. ...
Coming up, chipotle is raising menu prices 4% for the pay hikes. they're just trying to keep up with demand as they hop stores. the argument you're hearing from chipotle's ceo that he's very confident loyal customers will pay that to keep a work force happy and grateful. steve moore is with us, katherine rooney is with us. what do you think of that, steve, that maybe this is a way of private industry to say all right, we're paying or workers more, this is not something that we're doing on behalf of the government and we're asking our customers to help foot some of this bill by paying 4% more f...
Cost of food soars; Heartland restaurants face challenges Food costs impacting restaurants By Brooke Buckner | May 18, 2021 at 6:15 PM CDT - Updated May 18 at 6:17 PM CAPE GIRARDEAU, Mo. (KFVS) - Easing COVID-19 restrictions means Heartland restaurants can welcome in more customers, but theyâre still facing a problem impacting their bottom lines. Federal numbers show food prices climbing for the fourth month in a row, including restaurant staples like chicken, cheese and fresh produce. Thatâs impacting eateries big and small. âThe meat, the steak, has been going a lot up,...