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Facebook Decides to Raise Minimum Wages for Contract Workers Globally

Facebook said it was working to make contracts across its global operations vendor partners consistent

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A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Facebook has decided to raise minimum wages to its outside vendors in the US to $20 per hour, and would implement the same for contractors in other countries including in India.

Content moderators and other contract workers will make at least $18 an hour, up $3 from before.

The contract workers at Facebook, employed by outside vendor partners, work either part-time or full-time and provide important services across content review, security, culinary, transportation and other teams.

Facebook is currently paying a minimum of $15 per hour, a minimum 15 paid days off for holidays, sick time and vacation and for new parents who don’t receive paid leave, a $4,000 new child benefit that gives them the flexibility to take paid parental leave.

“It’s become clear that $15 per hour doesn’t meet the cost of living in some of the places where we operate. This means a raise to a minimum of $20 per hour in the San Francisco Bay Area, New York City and Washington D.C. and $18 per hour in Seattle.

The move comes after several media outlets reported on the long-term impact of working as a contract moderator for Facebook, leaving some workers with symptoms of post-traumatic stress.

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FILE – Facebook CEO Mark Zuckerberg speaks at a Facebook developer conference in San Jose, California, May 1, 2018. VOA

“We’ll be implementing these changes by mid-next year and we’re working to develop similar standards for other countries,” said Janelle Gale, Vice President of HR, and Arun Chandra, Vice President of Scaled Operations in a blog post on Monday.

For workers in the US that review content on Facebook, the company said it is raising wages even more.

“We’ll pay at least $22 per hour to all employees of our vendor partners based 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 US.

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Facebook said it was working to make contracts across its global operations vendor partners consistent.

“This includes requirements like quality-focused incentives, no sub-contracting, overtime and premiums for night shifts and weekends, and healthcare,a said Facebook. (IANS)

Next Story

Facebook to Launch its Cryptocurrency Next Year: Report

According to Zuckerberg, Blockchain could give users more powers when granting data access to third-party apps

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Facebook, which owns WhatsApp and Instagram, is gearing up to launch its own cryptocurrency next year, the BBC reported on Friday.

Called “GlobalCoin,” the cryptocurrency would work with a new digital payments system in about a dozen countries starting in the first quarter of 2020.

Facebook has been in contact with US and British financial regulators to launch it.

According to the BBC, Facebook is in touch with “Bank of England governor Mark Carney and officials at the US Treasury”.

With over two billion users across its platforms, Facebook could emulate WeChat in China which allows its users to chat, shop and play games without leaving its platform.

The Facebook cryptocurrency would need to overcome numerous technical and regulatory hurdles before it can be launched.

According to media reports, the Facebook currency could be designed to be a “stablecoin” with a value pegged to US currency in an attempt to minimize volatility.

A report last week said Facebook has reportedly set up a company called Libra Networks in Switzerland that is developing payments and Blockchain systems for the social networking giant.

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Bitcoin is a cryptocurrency and worldwide payment system. Wikimedia Commons

According to a report in CNET quoting Swiss publication Handelszeitung, the Facebook cyrptocurrency would be tied to the US dollar and could, therefore, remain stable unlike Bitcoin which has crashed.

“Facebook set up Libra Networks in Geneva several weeks ago. Libra is the social network’s internal project name for the digital currency,” the report said.

The Swiss company would focus on developing the software and hardware for currency-related functions like payments, Blockchain, analytics, big data and identity management.

Facebook declined to comment on the new report.

Also Read- Microsoft Interns Make English Learning App

According to a report in The Wall Street Journal earlier this month, the social media giant is “recruiting dozens of financial firms and online merchants” towards its cryptocurrency-based system that would use a digital coin similar to Bitcoin.

The New York Times reported in February that Facebook had a team of 50 people working on its virtual currency project.

In a public interview with Harvard Law professor Jonathan Zittrain in February, Facebook CEO Mark Zuckerberg said he is “potentially interested” in putting the Facebook login on the Blockchain technology.

According to Zuckerberg, Blockchain could give users more powers when granting data access to third-party apps. (IANS)