Latest Breaking News

VarryOn

(2,343 posts)

54. Inflation is here...

Reply to mahatmakanejeeves (Original post)

Wed Jun 9, 2021, 08:56 PM

Jun 2021

I work in freight transportation. I've never seen rates rise this fast in 33 years. We wouldn't accept anywhere near 3-4% rate increases. Even the largest shippers are taking double digit increases.

The good thing is truck drivers are going to get nice increases because of it.

Edit history

Please sign in to view edit histories.

90 replies

= new reply since forum marked as read

Highlight:

Chipotle raises menu prices to offset employee wages [View all] mahatmakanejeeves Jun 2021 OP

How about take less profit? SheltieLover Jun 2021 #1

After a year+ of COVID? FBaggins Jun 2021 #5

After a year+ of COVID? sheshe2 Jun 2021 #13

Come to New York; all the restaurants are full. brooklynite Jun 2021 #32

You have stated you are rich. sheshe2 Jun 2021 #40

Yes, I am rich...and I rarely go to expensive restaurants. brooklynite Jun 2021 #43

Where in my post did I suggest they are 1% 'ers? sheshe2 Jun 2021 #51

In that case, you think there are less wealthy people filling up the NYC restaurants. brooklynite Jun 2021 #52

Would you just stop. sheshe2 Jun 2021 #66

If people don't assert unsupported statements, I'll have nothing to say... brooklynite Jun 2021 #68

Keep digging. nt sheshe2 Jun 2021 #72

Like the unsupported assertion Trump would never be impeached twice? LanternWaste Jun 2021 #89

Restaurants have had a tough time. If people don't want to pay an additional 4%, pnwmom Jun 2021 #69

chipoltle 2020 earning report rdking647 Jun 2021 #20

Don't forget their stock prices, currently $1330. Lancero Jun 2021 #42

Chipotle had lines around the block during COVID NickB79 Jun 2021 #26

They should take less profit SheltieLover Jun 2021 #28

What expense are working class families shouldering in this case? brooklynite Jun 2021 #36

No working family is forced to go to any restaurant that raises its prices so its workers pnwmom Jun 2021 #70

Chipotle excels at takeout. Takeout soared in 2020. paleotn Jun 2021 #39

Lol they're doing great despite covid. ForgoTheConsequence Jun 2021 #86

Yup, god forbid if they don't make their profit quota for the investors... Oh the shame!!😂 mitch96 Jun 2021 #44

They will probably make a little less profit. everyonematters Jun 2021 #64

How much of a raise is it? I'm guessing $5 - $6? Sapient Donkey Jun 2021 #77

Agree. everyonematters Jun 2021 #81

I think most people would be willing to pay a little more to benefit those serving them. olegramps Jun 2021 #82

I Think It's Gotton to the Point Where I'm Asking This Question Every Day. ruet Jun 2021 #2

Consumers have the choice of not spending money at a restaurant. brooklynite Jun 2021 #33

Capitalism + Democracy is the best so far Tiger8 Jun 2021 #84

I'll agree capitalism is a dead end when I see a better alternative. GulfCoast66 Jun 2021 #65

In other words, pbmus Jun 2021 #79

I know the downside of capitalism, as well as the upside GulfCoast66 Jun 2021 #83

So... a 25 to 50% increase in employee wages equates to a 4% increase in menu price? enki23 Jun 2021 #3

As an economics teacher, it bothers me that this comes as news to people Bucky Jun 2021 #15

Good information--thank you! h2ebits Jun 2021 #50

One thing that killed me was starting wage at a job I had for 10 years, in 2009 was... Humanist_Activist Jun 2021 #63

I see the exact same thing in IT field Sapient Donkey Jun 2021 #87

The quote says it was an additional dollar increase MichMan Jun 2021 #16

Er.... no it doesn't. "Dollar cost" doesn't mean "the cost of one more dollar." enki23 Jun 2021 #27

So he's blaming the employees for the increase in menu prices... dixiechiken1 Jun 2021 #4

He took home $38 million in 2020 leftieNanner Jun 2021 #17

His salary would pay each employee about $400 oldsoftie Jun 2021 #60

I was trying to figure that out. Sapient Donkey Jun 2021 #88

But I thought... durablend Jun 2021 #6

Surely not!! paleotn Jun 2021 #46

Supply and demand. The 'free market', assholes. louis-t Jun 2021 #7

The fact is price of these foods was going up even before any increase in employee wages JI7 Jun 2021 #8

Off the top of my head... that should a about 30 or 35 cents JohnnyRingo Jun 2021 #9

I'm cool with that Jilly_in_VA Jun 2021 #10

Reminds me when Papa John's bitched about raising Pizza price $0.25 for ACA aeromanKC Jun 2021 #11

Papa John leftieNanner Jun 2021 #18

Don't forget the guy has a moat rpannier Jun 2021 #31

Should we send him leftieNanner Jun 2021 #38

I thought about that rpannier Jun 2021 #53

Seriously wryter2000 Jun 2021 #19

I Put My $$$ Where My Mouth Is COL Mustard Jun 2021 #12

Makes me feel a little better about eating there if they pay that amount to their workers. mucifer Jun 2021 #14

Plus they were one of the first places to offer GF meat leftieNanner Jun 2021 #21

I'll gladly pay an additional 30-40 cents so that employees can make a livable wage. Bleacher Creature Jun 2021 #22

This sums it up. badhair77 Jun 2021 #24

Ours has very limited hours on days when they're open, and the hours are irregular. badhair77 Jun 2021 #23

So? greenjar_01 Jun 2021 #25

If I ate at Chipotle twice a week NickB79 Jun 2021 #29

Dear me. . .he can't get by if it's multi-multi million salary and bonuses are only multi-millions AZLD4Candidate Jun 2021 #30

This is basic stuff. WarGamer Jun 2021 #34

Your facts are no good here!! oldsoftie Jun 2021 #62

Zero-Sum Capitalism I of the Eye Jun 2021 #35

I've eaten there once, eight years ago. I thought it was over priced garbage and Autumn Jun 2021 #37

Good! Nt Baked Potato Jun 2021 #41

My husband and I own two business. MontanaMama Jun 2021 #45

And I bet you guys have very low headcount turnover. paleotn Jun 2021 #48

You are 100% correct. MontanaMama Jun 2021 #78

You and your husband are magnificent gemstones 💎 pbmus Jun 2021 #80

Lord Forbid,,,,,,, Cryptoad Jun 2021 #47

Umm... PSPS Jun 2021 #49

Yeah, I Was About To Post This GB_RN Jun 2021 #58

Inflation is here... VarryOn Jun 2021 #54

So? Something on the menu that costs $9.99 now costs $10.39 Ferrets are Cool Jun 2021 #55

Chipotles relayerbob Jun 2021 #56

Okay. NurseJackie Jun 2021 #57

A business that can't pay its living wage is a failed business. Full stop, no exceptions. Orrex Jun 2021 #59

But they can pay living wages. There is no rule that says a business pnwmom Jun 2021 #71

I'd say that this is a good reason for slightly reducing the shareholder's profits Orrex Jun 2021 #74

+1000! n/t Hiawatha Pete Jun 2021 #85

No people in the know Soxderrube Jun 2021 #61

That would add a whopping 40 cents to a $10.00 burger Warpy Jun 2021 #67

Remember Chipotle's oh-so-wholesome "Scarecrow" ad? Grokenstein Jun 2021 #73

OK, but most of their cost is materials. nt Gore1FL Jun 2021 #75

Good! Hekate Jun 2021 #76

I was always lucky - I knew what I was doing and I owned a good tux. The $2.13/hr I got ... marble falls Jun 2021 #90