Organizers are anticipating union busting from the company, however, as managers have already begun pulling employees aside to tell them anti-union propaganda, claiming that Apple will be forced to take away benefits if employees unionize. Workers told The Washington Post that their “knowledge and passion for the products help drive sales and that they should share more fully in the company’s success,” the publication wrote. Meanwhile, CEO Tim Cook received nearly $100 million in compensation last year, while the company spent $85.8 billion on buybacks.Įmployees say that while they may make more than other retail employees – many of whom aren’t being paid livable wages – they bring in a massive amount of value for the hugely profitable company, which is clearly benefiting. Workers also say that wages haven’t kept up with inflation in recent years – meaning that employees could effectively be getting pay cuts as inflation rises. “They’re struggling and they’re hurting and we work for a company that has the resources to make sure that they’re taken care of.”
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“I have a lot of co-workers and friends who I genuinely love and they do not make enough to get by,” an organizer told The Washington Post.
APPLE STORE GRAND CENTRAL FULL
The low end of that range, about $35,000 a year, is just over a living wage for a full time worker with no children in a place with a cheaper cost of living like central Ohio that wage is no longer viable to live off of if a worker has a child, according to MIT’s living wage calculator.
APPLE STORE GRAND CENTRAL PLUS
They can make between $17 and $30 an hour, depending on their location and position, plus stocks. The tech behemoth grows its worth nearly every year, and last month, the company became the first in the world to be worth over $3 trillion.īut retail employees say that they aren’t seeing this growth in their paychecks. Within the last few months of 2021, the company marked a 20 percent increase in profits, despite losing billions to chip and other supply shortages in the fall. and employs more than 65,000 retail workers. The company has over 270 retail locations in the U.S. Add to that the fact that any new tenant in the balcony spot would have to buy Métrazur out of its lease, and you're talking about the financial equivalent of a heck of a lot of iPods.According to financial filings, over a third of the company’s $366 billion in total revenue in 2021 was made from its website or within retail stores. Right now, for example, a little 725-square-foot seafood counter inside the Grand Central Market is going for $145,000 a year plus a share of the profits.
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Since then, the MTA has poured funds into an expensive Grand Central renovation and run into major budget problems, giving it plenty of reasons to jack up the prices on its prime real estate holdings. The tech giant wouldn't comment, but MTA rep Jeremy Soffin tells the paper that his agency "has spoken with Apple about the space and hopes that the company bids on it."Īnyone who takes over the space can expect to pay a lot more than Métrazur, which agreed on an annual rent of about $400,000 back in 1998. Contrary to earlier rumors, this wouldn't be Apple's biggest location, though it could easily be the one that draws the most tourists. Now, though, the hype is back: Today's WSJ reports that restaurant Métrazur will be leaving its prime position in one of Grand Central's balconies, opening up a space that could be perfect for Apple.
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Last we heard, Apple had officially backed out of a plan to open its fifth Manhattan store in Grand Central Terminal after several months of hype. You can also see what we’re up to by signing up here. The archives will remain available here for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. Thank you to everyone who read our work over the years.