Progressive politicians and activists continue to clamor for a doubling of the federal minimum wage to $15 an hour. Critics often emphasize the millions of jobs that would be eliminated as a result. But a top executive from Chipotle is warning about another key consequence of a $15 minimum wage: customers will suffer.
Chipotle Chief Financial Officer Jack Hartung explained on a recent company call that they already pay $11-13 an hour, but being forced to increase wage rates to $15 would ultimately hit customers in the wallet.
More HERE
