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The Wall Street Publication > Blog > Tech > Apple Raises Salary Budget Amid Tight Labor Market
Tech

Apple Raises Salary Budget Amid Tight Labor Market

Editorial Board Published May 26, 2022
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Apple Raises Salary Budget Amid Tight Labor Market
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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.

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