steve ells, the ceo and cofounder of chipotle. costs and how it is affecting their hiring. hint, it is not chefs that they are hiring. would you pay more for fast food in order to raise the minimum wage? thank you to adam clash at -- adam johnson for that great twitter question. ♪ >> this matters now to our guest host, ellen zentner. too littlexed evidence that consumers want to consume at the margin. they are marginally holding on to the wallet. the savings rate is up. why is this a surprise to economist? account like normal behavior. >> it does sound like normal behavior when the outlooks becomes tenuous or households remain unsure about the soundness of the financial future. a weak labor market will do that. now what we have got to contend to is that we have been dealing with wage growth not accelerating. but it has been an environment where prices have been falling or also remain stagnant. real wages have been improving. now, the prices are rising. if wages to not pick up, you start to get demand destruction. that is something