Apple to increase starting pay for U.S. workers

Apple Inc will raise the starting pay for its U.S. employees, the iphone maker said on Wednesday, May 25, as companies face a tight labour market and a surge in unionization efforts amid rising inflation.

The starting pay for the company’s U.S. team members will rise to $22 per hour, or higher based upon the market, a 45 per cent jump from 2018 levels, Apple said in a statement to Reuters.

“This year as part of our annual performance review process, we’re increasing our overall compensation budget,” a company spokesperson said.

Apple has informed some workers their annual reviews would be advanced by three months and the new pay will take effect in early July, the Wall Street Journal, which first the changes in compensation, said.

Apple did not immediately respond to a request for further details on the compensation changes. Reuters