Apple Boosting Pay Budget for Workers Amid Tight Labor Market

Apple is boosting pay for workers amid rising inflation, a tight labor market and unionization pushes among hourly store employees.

The iPhone maker on Wednesday told employees in an email that the company is increasing its overall compensation budget. Starting pay for hourly workers in the US will rise to $ 22 an hour, or higher based on the market, a 45% increase from 2018. Starting salaries in the US are also expected to increase.

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