- June 19, 2021
- Posted by: Stratford Team
- Category: Business
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- Paul Constant is a writer at Civic Ventures and cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein.
- In the latest episode, they spoke about Chipotle’s announcement to increase menu prices by about 4% to cover increased employee wages.
- Constant points out, however, the price increase could be to cover the $24 million raise recently given to CEO Brian Niccol.
- See more stories on Insider’s business page.
Last week, the “New York Times” ran a story about a small menu price increase at a fast-casual food chain. Written by Julie Creswell, the piece began, “Executives at Chipotle said on Tuesday that the fast-food chain had raised menu prices by about 4% to cover the cost of the increased employee wages.”
Headlined “Chipotle will increase its menu prices as labor costs…
