Apple is increasing US workers’ salaries to combat rising inflation and unionization pushes.
In a Wednesday email to employees, the company announced plans to increase its overall compensation budget, boosting starting pay to $22 an hour (or higher, based on the market)—a 45% increase from 2018, according to The Wall Street Journal(Opens in a new window).
“Supporting and retaining the best team members in the world enables us to deliver the best, most innovative, products and services for our customers,” an Apple spokesperson said in a statement. Inflation reached 8.3% in April—the fastest rate in more than 40 years, CNBC reported(Opens in a new window). Add to that low unemployment, and tech workers are feeling emboldened to look for better paying, more flexible jobs elsewhere.
Source: PC Mag
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