On Monday, the 13th of May 2019, the social networking tycoon, Facebook Inc., headquartered in Menlo Park, California, had issued a statement saying that the largest social networking service provider across the world would raise its minimum wage for all US contract workers to $20 per hour, as a response to growing living cost in United States amid a waning wage growth and slowing economy, as the company had been met with slanderous criticisms over its treatment of ordinary employees and their weekly paychecks.
According to Monday’s (May 13th) Facebook Inc.’s statement, the company had raised its minimum wage to $20 per hour as beforementioned for the workers of San Francisco Bay area, Washington DC and New York, while it had set a minimum wage of $18 per hour for its Seattle’s contract workers.
Besides, followed by the statement, Facebook Inc. officials had also been quoted saying that it had become quite evident over the recent weeks that an hourly pay of $15 would not be able to meet the requirements of its contract workers, employed through third-party recruitment contractors as cleaners, cooks, security guards or drivers.
Apart from that, the statement had also unveiled that the California-based social networking giant would now be paying a minimum wage of $22 per hour for the content reviewers working on Bay area, while it had set a minimum wage of $20 per hour for content reviewers working in New York City and Washing DC.
Adding that it had been setting up wages based on local cost of living, Facebook Inc. had revealed at a blog post on Monday (May 13th), “After reviewing a number of factors including third-party guidelines, we’re committing to a higher standard that better reflects local costs of living”.