“Chipotle raises menu prices as employee costs increase”
June 10, 2021
“Chipotle Mexican Grill Inc said on Tuesday it has increased prices for products across its menu by about 4% owing to rising labor costs. Several companies in the retail space, including McDonald’s and Walmart, have increased hourly wages for employees in recent months to retain and hire more workers to keep up with a surge in sales amid a broader economic recovery…”
https://finance.yahoo.com/news/chipotle-raises-menu-prices-employee-202028698.html
Let me explain whats going on. Because of the labor shortage companies are being forced to pass on their excess expenses to customers. This is hurting small businesses the most. Bigger businesses are able to absorb these cost. This is not good for the economy.