Facebook Takes On Inequality, Institutes $15 An Hour Minimum Wage Policy
The ongoing #FightFor15 has a powerful new champion in its corner: Facebook.
The social network is requiring some of its vendors to improve pay and benefits for their contractors and vendors, reports the Wall Street Journal. This includes wages of at least $15 an hour and at least 15 paid days off.
Facebook put the new rules into motion at its largest vendors on May 1, and plans to expand to the rest of the company over the next year. With growing unrest in the Bay Area and elsewhere over the growing gap between the rich and poor, Facebook's announcement couldn't have come at a better time.
This year, 23 U.S. states and Washington, D.C. will increase their minimum wage, and Seattle raised its minimum wage to $15 an hour, by far the highest in the country. The federal minimum wage, however, hasn't budged from $7.25 since 2009.
With more than 10,000 employees (not to mention its users), Facebook has the potential to do some serious influencing. Other than likely improving its employees' quality of life, it could encourage other companies — even beyond the tech world — to be responsible employers.
What do you think of Facebook's latest move?
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