Chipotle Hikes Menu Prices In An Effort To Overcome Labor Shortages

Your next burrito might cost a little more than usual. Chipotle Mexican Grill is hiking menu prices by about 4 percent to cover the cost of its recent wage increases. The company announced in May that it is looking to hire 20,000 employees and will incentivize new hires with starting wages of $11-$18, averaging at a $15 hourly wage. The company is also adding increased referral bonuses for employees and providing a path to work up to a six-figure salary.

RELATED: Why Chipotle Raising Prices May Be A Good Thing For Its Stock

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