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 U.S. will rise to $22 an hour, or higher based upon the market, a 45% increase from 2018. Starting salaries in the U.S. are also expected to increase.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

PPP Borrowers Stand to Gain Tax Deductions

WASHINGTON—Congress may be poised to deliver a tax benefit worth hundreds of…

Spirit Shareholders to Decide Fate of Frontier Offer

Spirit Airlines shareholders are scheduled to decide the fate of the budget…

Texas man who met woman on Bumble kidnapped and tortured her for 5 days, authorities say

A Texas man who met a woman on the dating app Bumble,…

Founder of Proud Boys’ Hawaii chapter, Texas man sentenced to 4 years in Jan. 6 riot

The founder of Hawaii’s Proud Boys chapter and a Texas man were…