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edit: upon discussion with the parent, it appears that the parent was supporting the author's argument, not critiquing Chipotle or saying living wages require c

edit: upon discussion with the parent, it appears that the parent was supporting the author's argument, not critiquing Chipotle or saying living wages require charging $15 for a $7 sandwich. No... > 4% price increase to get to a living wage. Not $15 sandwiches, just $7.28 instead of $7. Pay your employees. It's that simple. This isn't in the article [0]. You're conflating revenues and wages. Chipotle raising prices by 4% for EACH sandwich allows you to increase salaries by way more than 4% for employees. Taking a $7 sandwich, a 4% increase yields... [$7 sandwich] * [4% price increase] * [20 sandwiches/hr/employee] * [1hr/employee] = $5.60/hr/employee in incremental wages [0] https://www.cnbc.com/2021/06/08/chipotle-hikes-prices-to-cover-the-cost-of-raising-wages.html https://www.cnbc.com/2021/06/08/chipotle-hikes-prices-to-cov...

onlyrealcuzzo 5y ago
Are we assuming that food prices did not go up at all with this calculation?
- caminante 5y ago
  Why does that matter how much of the 4% increase is going to employees v. passing through variable costs? Here's Chipotle's audited financials, if you want to dig. [0] [0] https://ir.chipotle.com/sec-filings https://ir.chipotle.com/sec-filings
voisin 5y ago
I think you and OP are saying the same thing. Everyone can pay 4% more for their sandwiches so employees can earn a living wage, and saying it would be everyone paying $15 vs $7 is disingenuous.
Arainach 5y ago
I don't see how that disagrees with what I said. To increase wages significantly doesn't mean increasing prices significantly - that was my entire point.
- caminante 5y ago
  > Pay your employees. It's that simple. That's what you want. Fair? However, you also said the following, > 4% price increase to get to a living wage. Not $15 sandwiches, just $7.28 instead of $7. which implies that you think EACH sandwhich needs to be increased dollar for dollar to achieve the "living wage" gap. edit: the "Pay your employees" , in context, came off as saying Chipotle wasn't paying their employees, despite the promise and plan.
  - deleted 5y ago
    [deleted]

onlyrealcuzzo 5y ago

Are we assuming that food prices did not go up at all with this calculation?

caminante 5y ago
Why does that matter how much of the 4% increase is going to employees v. passing through variable costs? Here's Chipotle's audited financials, if you want to dig. [0] [0] https://ir.chipotle.com/sec-filings https://ir.chipotle.com/sec-filings

voisin 5y ago

I think you and OP are saying the same thing. Everyone can pay 4% more for their sandwiches so employees can earn a living wage, and saying it would be everyone paying $15 vs $7 is disingenuous.

Arainach 5y ago

I don't see how that disagrees with what I said. To increase wages significantly doesn't mean increasing prices significantly - that was my entire point.

caminante 5y ago
> Pay your employees. It's that simple. That's what you want. Fair? However, you also said the following, > 4% price increase to get to a living wage. Not $15 sandwiches, just $7.28 instead of $7. which implies that you think EACH sandwhich needs to be increased dollar for dollar to achieve the "living wage" gap. edit: the "Pay your employees" , in context, came off as saying Chipotle wasn't paying their employees, despite the promise and plan.
- deleted 5y ago
  [deleted]