Poverty level plus a buck

The New York Times reported on June 23 that Apple store workers, who make up three-fourths of the corporation’s workforce, earn about $25,000 a year.

Lawrence Mishel at the Economic Policy Institute ran the numbers and reported “That $25,000 annual salary works out to $12.02 an hour for someone working full-time for one year (2,080 hours paid, either for work hours or paid leave). That’s pretty low; about $1 above the ‘poverty-level wage.’” (The poverty line for a family of four in 2011 was about $23,000, equivalent to an hourly wage of $11.07.)

Apple is planning new facilities in Reno. The Mishel report can be read at www.epi.org/blog/apple-store-employees-wages.