financetom
Technology
financetom
/
Technology
/
Facebook raises minimum wages for US contract workers to $20/hour
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Facebook raises minimum wages for US contract workers to $20/hour
May 13, 2019 1:36 PM

Facebook Inc said on Monday it was raising wages for its US contract workers, such as cafeteria staff and janitors, to a minimum of $20 per hour in San Francisco Bay Area, New York and Washington D.C. and to $18 per hour in Seattle.

The company also said it will pay at least $22 per hour for content reviewers in the Bay Area, New York City and Washington, D.C., $20 per hour to those living in Seattle and $18 per hour in all other metro areas in the United States.

Facebook last raised minimum wages for contract workers in 2015 to $15 per hour in its bid to narrow the widening gap between the technology sector's elite and the lower-paid workers.

"In the years since, it's become clear that $15 per hour doesn't meet the cost of living in some of the places where we operate. After reviewing a number of factors including third-party guidelines, we're committing to a higher standard that better reflects local costs of living," the social media giant said in a blog post.

Last year, Amazon.com Inc raised its minimum wage to $15 an hour after facing harsh criticism over poor pay and working conditions. The online retailer said at the time that it would lobby Washington for the federal minimum wage to be raised. US corporations have been finding it tougher to attract workers, with US unemployment at its lowest level in nearly 50 years, while there has been growing political pressure on companies to pay workers a fair living wage.

Walmart, the world's largest retailer and the largest US private sector employer, pays workers $11 an hour at entry-level, while Target Corp said in April it would raise US minimum wage to $13 an hour.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Demystifying CrowdStrike Holdings: Insights From 31 Analyst Reviews
Demystifying CrowdStrike Holdings: Insights From 31 Analyst Reviews
May 28, 2025
In the last three months, 31 analysts have published ratings on CrowdStrike Holdings ( CRWD ) , offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic...
Zscaler's Earnings: A Preview
Zscaler's Earnings: A Preview
May 28, 2025
Zscaler ( ZS ) will release its quarterly earnings report on Thursday, 2025-05-29. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Zscaler ( ZS ) to report an earnings per share (EPS) of $0.76. Investors in Zscaler ( ZS ) are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for...
Uncovering Potential: Marvell Tech's Earnings Preview
Uncovering Potential: Marvell Tech's Earnings Preview
May 28, 2025
Marvell Tech ( MRVL ) will release its quarterly earnings report on Thursday, 2025-05-29. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Marvell Tech ( MRVL ) to report an earnings per share (EPS) of $0.61. Investors in Marvell Tech ( MRVL ) are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and...
A Peek at NetApp's Future Earnings
A Peek at NetApp's Future Earnings
May 28, 2025
NetApp ( NTAP ) will release its quarterly earnings report on Thursday, 2025-05-29. Here's a brief overview for investors ahead of the announcement. Analysts anticipate NetApp ( NTAP ) to report an earnings per share (EPS) of $1.90. Anticipation surrounds NetApp's ( NTAP ) announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved