People don't work a job in decent conditions for a wage they can't afford to live off of.
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Apple Increasing Starting Pay for Hourly Workers to at Least $22 Per Hour
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Probably not ≥30. People in cushier wage jobs in the US tend to get 28 at best (contractors are a different story).
Yeah, that's not even close to matching inflation. Given that supplies are constrained and the Fed nearly doubled the money supply over the span of a year recently, it's not surprising that average people's buying power is decreasing, in fact I don't think the full effects are being felt yet. Was ready to see $10/gal gasoline in CA, and maybe it's coming.
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You do realize that the pressure from unions did that?
I can only speak for the UK, but over here Union fat cats also earn big bucks. However, it’s not true to say they don’t care about employees; they passionately want better terms and conditions for workers.
I gather unions can be rather corrupt in the US, for example through connections with mobsters (is the mob still a thing these days?).
Heavily unionised sectors certainly do benefit workers. The only time I worked in a unionised place, our division was dissolved, and everyone got a huge payout. I’d only been there a year and I got 6 months’ redundancy pay, tax free. That payout only happened because of the Union’, and I wasn’t even part of it. I just happened to be part of a workforce that did.
Another example: I was shocked to find out that, because of some error somewhere, UK firefighters (heavily unionised), who can retire in their forties, will see a bit less than their typical expected £400,000 retirement payout. That’s way way higher than a typical UK pension pot, by more than a factor of ten. For many non-unionised workers, retiring at age 45 with £400,000 in the bank would be utopia. And that’s before the state pension kicks in at age 67.
The other stuff is just wage but with extra steps (or restrictions).
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Only $22 pfft… I make more delivering food and that’s without the indoctrination procedures… WTF?
I think Apple expects people to buy them:
Apple Keeping iPhone Production Target Unchanged at 220 Million Units for 2022
Apple plans to produce roughly 220 million iPhone units in 2022, a production target that is mostly unchanged from the previous year despite supply...
www.macrumors.com
That's impossible to tell. $22 seems market rate, and it's only a $2 increase from before. I'd believe it's union pressure if the pay were clearly above market.
Wow! All the folks here that were health care experts for the last two years are now economics experts.
For a trillion dollar corporation it’s low-balling, even Panda Express have incentive to pay their workers up to $24 an hour, seen it advertised when I went into one of their restaurants.
Unlikely
How about letting employees decide if they want to join or start a union?
Unions are a ponzi scheme. So much money collected in union dues, and only a very small percent ever goes back to the union members. Meanwhile the union bosses have yachts and nice cars. Wonder where they got the money for that…
Not only that. They even know how to reorganize Apple's upper management internally, who should be fired and who should be the next CEO. And that Ian Goodfellow sucks at AI.
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In 2019 Reuters estimated that unionized retail workers in the United States made an average of $50 per week more than otherwise similar non-unionized workers after accounting for union dues — about 9% higher pay. This $50/week (about $2,500/year) of average additional pay does not include the additional job benefits that unionized retail workers typically enjoy.
Labor economists have studied the union wage premium for many decades and continue to study it. There's no serious controversy or question that unionized workers are paid substantially more, on average, than non-unionized workers. And of course that's true, because otherwise employers would be pleading for unionization instead of fighting it.
Whether Apple retail employees should unionize or not is up to them, but let's stick to basic facts if we can. This metric (higher average pay) is a straight up fact.
Labor economists have studied the union wage premium for many decades and continue to study it. There's no serious controversy or question that unionized workers are paid substantially more, on average, than non-unionized workers. And of course that's true, because otherwise employers would be pleading for unionization instead of fighting it.
Whether Apple retail employees should unionize or not is up to them, but let's stick to basic facts if we can. This metric (higher average pay) is a straight up fact.
$22 p/h comes to £17.46 before tax/ni/pension contributions - while I know this is for the US Apple employees I’d be living the good life on £17 p/h compared to the £10.78 I make now… (for context UK minimum wage is £9.50 = $11.97 before tax)
Interesting - you quoted me - but that wasn't my quote.
Also - it could be location dependent - Apple probably pays more in higher cost locations. I can assure you Panda Express doesn't start people at $24/hr in upstate NY.
This is great to hear. $22 isn’t even close to a living wage here in the San Jose Bay Area but it’s a great start. Well done Apple. My wife was hired, with no prior experience, at $27 an hour to book travel for a Semiconductor company in a Bay Area. That was over 12 years ago. I only mentioned that as a comparison to living wage needed today In this area.
Apple’s lowest starting hourly wage will be $22 an hour. A fast food restaurant paying “up to $24 an hour” is not paying everyone that. Starting pay at Panda Express is going to be $10-$15 an hour, maybe lower and maybe higher in some locations. No Panda Express in my city is paying a cashier $24 an hour as a new hire.
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Yes. So the employees won this round, and they don’t need to pay union dues. Sounds like they won to me!
And you don’t think executive pay raises, bonuses and shareholder buybacks don’t get passed down as well?
Don't you think Apple will already be charging us as much as they thought the market would bear?