Apple tells employees it’s increasing its annual compensation budget

Apple is raising wages for workers amid rising inflation, a tight labor market and a push by hourly labor unions. Apple told employees in an email Wednesday that the company was raising its overall compensation budget. Starting wages for U.S. hourly workers will rise to $22 an hour, or higher adjusted for market conditions, up 45 percent from 2018. Starting salaries for U.S. workers are also expected to rise.