Inflation pushes Apple to boost pay for U.S. workers

By Mark Gurman and Josh Eidelson
Published 3 Min Read

Apple is raising salaries for workers in the U.S. by 10% or more as it faces a tight labor market and the spread of unionization efforts across its retail stores.

The Cupertino, California-based company is expanding its overall compensation budget this year, it said in a statement Wednesday. It will hike minimum hourly pay for its staff to at least $22, up 10% on last year. The move follows a pay bump in February after inflation woes and complaints from some staffers about working conditions during the COVID-19 pandemic. 

Mark Gurman and Josh Eidelson
From Bloomberg News

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