Facebook Inc said on Monday it was raising its minimum wage for all U.S. contrac...
- Facebook Inc said on Monday it was raising its minimum wage for all U.S. contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay.
“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 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.
Walmart, the world's largest retailer and the largest U.S. private sector employer, pays workers $11 an hour at entry-level, while Target Corp said“Facebook is competing with other Silicon Valley tech companies for talent and it is supply and demand that sets the price for labor as well as anything else,” said Ivan Feinseth, an analyst with Tigress Financial Partners.
A number of media reports, however, have focused attention on the conditions under which reviewers, employed by third party contractors including Genpact and Wipro Ltd, work.
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