Bank of America doesn’t know what it’s talking about, Chipotle says.
The average Chipotle worker makes $9/hr. This is why being listed on the stock market is bad for employees, as it forces companies to cut costs to the point where people make less than a living wage.
Source: Bank Downgrades Chipotle, Complaining It Pays Workers Too Much. Chipotle Says That’s Bunk.