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Tech Brew Ride Home

Thu. 05/26 – Apple Raises Wages

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.71K Ratings

🗓️ 26 May 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

Apple is attempting to fend off a unionization movement by… paying people more. That Broadcom/VMware deal is real. You can now pay close to $1000 for a Gucci Oura Ring. After a decade of declines, EV battery prices are going up. And the last payphone in New York City is gone. Sponsors: AltoIRA.com/techmeme Smith.ai promocode techmeme for $100 off signup Links: Apple Boosting Pay Budget for Workers Amid Tight Labor Market (WSJ) Leaked Audio: Apple VP Gives Apple Store Workers Anti-Union Speech (Motherboard) Broadcom is acquiring VMware for $61 billion (The Verge) Oura collaborated with Gucci to make an 18 carat gold smart ring (Engadget) Apple to Keep iPhone Production Flat as Market Grows Tougher (Bloomberg) Snowflake stock falls as executives forecast a narrower margin than expected (CNBC) Twitter jumps after Musk increases commitment in takeover bid to $33.5 billion, in talks for other funding (CNBC) After a Decade of Declines, EV Battery Costs Are To Rise 14% This Year (The Electric/The Information) The Trouble With Lithium (Bloomberg) NYC's 'last' payphone will be displayed at the Museum of the City of New York (TimeOut New York) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Thursday, May 26, 2022. I'm Brian McCullough today.

0:09.0

Apple is attempting to fend off a unionization movement by paying people more.

0:14.0

That Broadcom VMware deal is real.

0:16.6

You can now pay close to $1,000 for a Gucci aura ring.

0:21.0

After a decade of decline, EV battery prices are going up and the last payphone in

0:26.8

New York City is no more. Here's what you miss today in the world of tech.

0:35.0

Apple pay is going up.

0:37.0

See what I did there. I don't know how much we've talked about this,

0:39.0

but the movement to unionize tech workers

0:42.0

has spread to Apple, at least to their retail employees.

0:45.8

And I guess to get ahead of that, Apple says it will raise the hourly pay for U.S. workers to $22, up 45% from 2018 amid inflation and the unionization push.

0:58.0

US starting salaries are also expected to rise, quoting the Wall Street Journal.

1:03.2

In recent months, Apple has been facing unusual labor unrest.

1:06.3

That discontent has spanned from frontline store retail workers agitating for unionization

1:11.6

to salaried engineers unhappy with the company's plans to return to the office.

1:15.0

Some workers, including those hourly workers in its stores and Applecare, were told their annual reviews would be moved up three months and that their pay increases would take effect in early July,

1:24.3

according to a memo reviewed by the Wall Street Journal. The normal review process coincides

1:28.3

with the end of Apple's fiscal year in the fall. Those workers were told the company's

1:32.2

increased compensation budget would be in addition to pay increase. the helping matters on the PR front is the video that Vice got a hold of that shows

1:45.3

Apple SVP of retail and people, Deirdre O'Brien telling employees that

1:50.4

joining a union would make it harder for Apple to improve working

1:53.2

conditions quoting motherboard slash vice we have a relationship that's based on an

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