In order to combat rising inflation in a tight labor market, Apple Inc. has raised salaries for workers in the US.
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The company said in a statement that Apple is expanding its compensation budget this year. Starting pay will be increased to $22 or more, up 45% from 2018 on the back of a hike in pay for its hourly staff.
The Wall Street Journal reported the increases for the first time. Despite the fact that many workers did not choose flexible options or left the workforce during the epidemic, US tech companies are battling a shortage of talent.
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