How Chipotle feels about spending close to $2 billion a year on labor

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HOUSTON, TEXAS - JUNE 09: Employees speak together at a Chipotle Mexican Grill on June 09, 2021 in Houston, Texas. Menu prices at the Chipotle Mexican Grill have risen by roughly 4% to cover the costs of raising its' minimum wage to $15 an hour for employees. The restaurant industry has been boosting wages in the hopes of attracting workers during a labor crunch. (Photo by Brandon Bell/Getty Images)Brandon Bell | Getty Images News | Getty ImagesUnlike many of its peers in the restaurant space that have a franchise model, Chipotle Mexican Grill owns all of its 3,000 — on the way to a goal of 6,000 — restaurants. That means it also owns the relationship with near-100,000 employees, many on the front lines and in lower-paying, higher turnover restaurant positions. Even before the pandemic, turnover in the food sector was typically above 100% annually.For Chipotle senior management, focus on investment in workers is nothing new, but at a time of a national labor shortage and w
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