Apple will hike retail wages by 10% as it faces inflation, a tight labor market—and a union drive

Apple to boost corporate, retail pay amid inflation and union drive

May 26, 2022 by Fortune

Key Facts

  • Apple is the latest big tech company to increase its pay amid record inflation and the fight for tech talent.
  • On Wednesday, the Cupertino company announced in an email to employees that it would increase its compensation budget and boost pay for both corporate and retail employees nationwide, according to the Wall Street Journal.
  • The tech company would increase the starting hourly pay for retail employees to $22/hour, an increase from $20/hour, notes CNBC.
  • Apple’s announcement on Wednesday follows earlier decisions by the tech company to increase pay and benefits for retail staff.

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