Chipotle's Labor Costs and Pricing_2023_WSJ

Starting from April, what will be their new hourly minimum wage?

• $15.50

• $16

• $17

• $20

How much will Chipotle's labor costs increase in California on average due to the new law?

• 5% to 10%

• 10% to 15%

• 15% to 20%

• 20% to 25%

What is the second-highest cost at Chipotle restaurants?

• Rent

• Utilities

• Labor

• Food

How much will Chipotle increase menu prices in California?

• 1% to 2%

• 2% to 4%

• 4% to 6%

• 6% to 8%

What is the current increase in Chipotle's labor costs compared to the prior-year period?

• 5%

• 10%

• 15%

• 20%

What is the expected increase in Chipotle's overall labor costs next year due to the new law?

• 1% to 2%

• 2.5% to 3%

• 3% to 4%

• 4% to 5%

What is the impact of the labor cost increase on Chipotle's economics?

• Negligible

• Significant

• Minimal

• No impact

What is the recent increase in Chipotle's menu prices?

• 1%

• 2%

• 3%

• 4%

What is the average price of Chipotle's chicken burrito in the U.S.?

• $8.75

• $9

• $9.25

• $9.50

What is the potential impact of the new law on hiring for companies not falling within its remit? (Think of smaller companies that do not have to meet the increase in wages)

• No impact

• Easier hiring

• Difficult hiring

• No change