Tech Brew Ride Home Thu. 05/26 – Apple Raises Wages
May 26, 2022
Apple is raising wages for U.S. retail employees to combat unionization efforts. Broadcom's massive acquisition of VMware signals a shift in cloud computing. Luxury meets tech with a Gucci-designed Oura Ring priced near $1000. However, EV battery costs are on the rise after years of decline, raising concerns for the electric vehicle market. Meanwhile, New York City bids farewell to its last payphone, showcasing a nostalgic look at analog technologies.
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Apple Raises Wages
- Apple is raising hourly pay to $22 to combat unionization efforts and address worker discontent.
- This represents a 45% increase since 2018, outpacing inflation and acknowledging employee concerns.
Apple's Anti-Union Stance
- Leaked audio reveals Apple SVP Deirdre O'Brien discouraging unionization, arguing it hinders rapid improvements.
- An anonymous union organizer expressed disappointment, highlighting the impact of such messaging on undecided workers.
Broadcom Acquires VMware
- Broadcom's $61 billion acquisition of VMware aims to fortify its software business, marking a major tech deal.
- This merger creates a significant enterprise software player, combining Broadcom's infrastructure and security software with VMware's virtualization technology.