McDonald’s, Chipotle to raise menu prices in California next year as fast-food wages rise to $20

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  • Fast-food workers in California will start making at least $20 an hour in April due to a compromise between the restaurant industry and labor groups.
  • Both McDonald’s and Chipotle Mexican Grill said customers in California will pay more to offset the rise in labor costs as a result.
  • McDonald’s CEO Chris Kempczinski said the minimum wage hike could help the burger chain gain market share in California in the long term.
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and Chipotle Mexican Grill
will raise their menu prices in California next year to offset the state’s minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in recent days.

McDonald’s has not decided how much it will hike prices in California as workers’ wages rise to $20 an hour, CEO Chris Kempczinski said Monday. Chipotle expects it will raise prices by a “mid-to-high single-digit” percentage in the state, but has not made a “final decision,” its Chief Financial Officer Jack Hartung told analysts on the company’s conference call Thursday.

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