Chipotle Exec Blames Drop in Sales on Inflation 

ECONOMICS 101: Raise the minimum wage to $20 minimum + sky-high inflation = restaurant price hikes passed to consumers = Sales ⬇️ 

In Kamala's home turf, California, fast food companies are hiking prices due to Gavin Newsom's $20 minimum wage, which drives up costs that are then passed on to the consumers—point in case: beloved Chiptole. 

Let's Taco'bout the Failed Democrat Economic Agenda: 

• Chipotle raised their prices in the state by 7% 'to offset California's new higher minimum wage regulations for fast-food workers, which raised the mandated hourly rate from $16 to $20 per hour.
• California-based fast-food restaurants have had to raise the price of menu items in response to the $20-an-hour minimum wage law that went into effect in April. 
• As a result of these price hikes: Chipotle's year over year weekly foot traffic growth in California has lagged behind the company's national average by more than 5%.
• Chipotle President Jack Hartung blames inflation for the drop in sales- but make no mistake: inflation, price hikes, and raising the minimum wage are all symptoms of Kamalanomics and the economic crisis. 

In an interview with Chipotle President Jack Hartung, CNBC's Jim Cramer pushed back that Chipotle may have "finally hit a point of resistance."

Read More Here: 

NY Post: Chipotle exec blames sales slump in Calif. on inflation — not state’s $20 minimum wage

CNBC: Chipotle CSO Jack Hartung says there’s ‘macro resistance’ to inflation from California consumers

NY Post:How California fast food restaurants raised menu prices in response to $20 minimum wage

ABC:Some California restaurants face stark realities, burdens after minimum wage increase

NY Post: California’s $20 minimum wage led to fast food price hikes, lower foot traffic, study shows