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flag Chipotle's Chief Strategy Officer discusses 7% price hike in California due to minimum wage increase and plans AI implementation.

flag Chipotle's Chief Strategy Officer Jack Hartung discussed the company's recent 7% price hike in California, driven by new minimum wage laws raising fast-food workers' pay from $16 to $20 per hour. flag He noted a broader industry trend of "macro resistance" to inflation affecting restaurant transactions, rather than just Chipotle. flag Hartung also revealed plans to implement artificial intelligence, including the "Autocado" robot for avocado preparation and automation for bowl and salad creation.

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