{"id":445982,"date":"2021-04-23T13:20:57","date_gmt":"2021-04-23T17:20:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=445982"},"modified":"2021-04-23T13:21:01","modified_gmt":"2021-04-23T17:21:01","slug":"chipotle-says-menu-prices-could-increase-if-minimum-wage-hike-imposed","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chipotle-says-menu-prices-could-increase-if-minimum-wage-hike-imposed\/","title":{"rendered":"Chipotle Says Menu Prices Could Increase If Minimum Wage Hike Imposed"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchipotle-says-menu-prices-could-increase-if-minimum-wage-hike-imposed%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=445982&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-3465.jpeg?w=1200&#038;h=800&#038;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p class=\"p1\">Chipotle, the Mexican fast-food casual restaurant chain, said that it might need to increase the prices of its menu options if there is a mandatory increase to the minimum wage.<\/p>\n<p class=\"p1\">According to <a href=\"https:\/\/www.businessinsider.com\/chipotle-will-raise-burrito-prices-if-a-15-minimum-wage-passes-2021-4\"><span class=\"s1\">Business Insider,<\/span><\/a> Jack Hartung, Chipotle\u2019s CFO, spoke of the effect of a $15 minimum wage during the\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/chipotle-digital-sales-doubled-first-quarter-earnings-2021-4-1030330611\"><span class=\"s1\">company\u2019s quarterly earnings call<\/span><\/a> on Wednesday. \u201cHe said hourly employees\u2019 average minimum wage is about $13 per hour, while <a href=\"https:\/\/www.glassdoor.com\/Hourly-Pay\/Chipotle-Crew-Member-Hourly-Pay-E15228_D_KO9,20.htm#:~:text=How%20much%20does%20a%20Crew,estimated%20based%20upon%20statistical%20methods.\"><span class=\"s1\">Glassdoor<\/span><\/a>\u00a0indicated that a starting hourly wage at Chipotle is about $11,\u201d the outlet reported.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cWe\u2019re not that far off of, for example, a $15 number. But let\u2019s say, for example, that there\u2019s going to be an across-the-board 10% increase in our wages,\u201d Hartung said. \u201cAnd that would, to offset that with menu pricing, take us 2% to 3% price increase,\u201d he explained.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cAll of that is very manageable,\u201d Hartung added.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">An increase might result in an additional charge of around $0.20 to $0.30 per meal, since the average customer spends about $11 on a burrito or different meal at the food chain, the outlet reported.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Hartung said that other restaurants will have to take similar actions in order to be successful if there is a mandatory minimum wage. \u201cWe think everybody in the restaurant industry is going to have to pass those costs along to the customer,\u201d he said. \u201cWe think we\u2019re in a much, much better position to do that, than other companies out there.\u201d<\/p>\n<p class=\"p1\">Last fall, Business Insider <a href=\"https:\/\/www.businessinsider.com\/15-minimum-wage-higher-menu-prices-waffle-house-potbelly-2020-11\"><span class=\"s1\">reported<\/span><\/a> that increasing prices of items on menus is known to be a successful action for restaurants responding to the regulation of a minimum wage. \u201cExecutives at\u00a0<a href=\"https:\/\/seekingalpha.com\/article\/4389524-kura-sushi-usa-inc-krus-ceo-hajime-jimmy-uba-on-q4-2020-results-earnings-call-transcript\"><span class=\"s1\">Kura Sushi,<\/span><\/a>\u00a0<a href=\"https:\/\/seekingalpha.com\/article\/4382882-cheesecake-factorys-cake-ceo-david-overton-on-q3-2020-results-earnings-call-transcript\"><span class=\"s1\">The Cheesecake Factory,<\/span><\/a> and Texas Roadhouse all said in recent calls with investors that, when states and cities raised minimum wage, the chains responded by raising menu prices,\u201d the outlet reported.<\/p>\n<p class=\"p1\">\u201cUltimately, in any business, the customer pays for everything,\u201d Walt Ehmer, CEO of Waffle House, recently <a href=\"https:\/\/www.businessinsider.com\/chipotle-will-raise-burrito-prices-if-a-15-minimum-wage-passes-2021-4\"><span class=\"s1\">said<\/span><\/a>. \u201cWe don\u2019t have any other source of revenue other than the customer. So we have to be careful how we treat our customers, and we don\u2019t stick it to them with giant price increases.\u201d<\/p>\n<p class=\"p1\">Democrats tried to get a $15 minimum wage hike into the stimulus package signed by President Joe Biden last month, but <a href=\"https:\/\/www.dailywire.com\/news\/here-are-some-of-the-big-changes-in-the-senate-passed-stimulus-bill\"><span class=\"s1\">were ultimately unsuccessful<\/span><\/a>. Their goal was to gradually increase the minimum wage over time, but the provision was taken out of the final version.<\/p>\n<p class=\"p1\">Conservatives pushed back against a mandated minimum wage hike due to the fact that it could harm small businesses which can\u2019t afford to hire additional staff if they are required to pay a higher hourly wage to their workers.<\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/www.dailywire.com\/news\/manchin-every-senator-thinks-minimum-wage-should-be-increased\">The Daily Wire<\/a><\/span> reported that some Democrats opposed the minimum wage hike in the stimulus bill last month, as well. Democratic Senator Joe Manchin of West Virginia said that every senator wants to increase the minimum wage, but noted that requiring the same minimum wage for every area of the country is not logical.<\/p>\n<p class=\"p1\">\u201cOnce we get to $11, then it should be indexed for inflation, so it never becomes a political football again,\u201d Manchin said. He also responded to criticism from Rep.\u00a0Alexandria Ocasio-Cortez\u00a0(D-NY).\u00a0\u201cWe come from two different areas of the country that have different social and cultural needs, [and with] that, you have to respect everybody,\u201d he said.<\/p>\n<p class=\"p1\">\u201cI look for that moderate middle. The common sense that comes with the moderate middle is who I am. That\u2019s what people expect,\u201d Manchin said. \u201cMy state of West Virginia, they know me, they know how I\u2019ve governed. I\u2019ve tried to basically represent them in the best of my ability. These are hard-working, good, commonsense people. That\u2019s what I want and that\u2019s what I keep trying \u2014 I try to do.\u201d<\/p>\n<p class=\"p1\">Large corporations like Chipotle might be able to manage the mandatory increase, but conservatives argue that workers end up being the ones who are hurt by wage increases when businesses are not able to take on more employees. In addition, some companies might lose customers if they increase their prices, which could lead to lay-offs, as well.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a<\/span><\/i> <a href=\"https:\/\/www.dailywire.com\/subscribe\"><span>member<\/span><\/a><span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chipotle, the Mexican fast-food casual restaurant chain, said that it might need to increase the prices of its menu options if there is a mandatory increase to the minimum wage.According &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2276566,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-3465.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Chipotle Says Menu Prices Could Increase If Minimum Wage Hike Imposed","footnotes":""},"categories":[],"tags":[],"class_list":["post-445982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-3465.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Chipotle Says Menu Prices Could Increase If Minimum Wage Hike Imposed","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/445982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=445982"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/445982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2276566"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=445982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=445982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=445982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}