Apple to Hike Wages Amid Tight Labor Market, Inflationary Pressures

Apple to Hike Wages Amid Tight Labor Market, Inflationary Pressures
A file image of stock numbers for Apple displayed on a screen at the Nasdaq MarketSite in Times Square in New York City, on Jan. 29, 2019. Drew Angerer/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Apple has announced plans to raise salaries for U.S. workers by at least 10 percent in a tight labor market that’s pushing companies to boost wages to attract and retain workers who face growing cost-of-living pressures from high inflation.

The tech giant said in a statement that it is expanding its compensation budget, hiking the minimum starting wage to at least $22 per hour.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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