The real issue isn't wages - it's cost of living. If we really want to make people's lives better, we need to address whatever causes prices to increase (limited housing supply is probably the biggest culprit).
For those wondering what this means, it means that a Facebook contractor would still be in the lowest quarter of income earners in Santa Clara County [1]. As such, one would qualify for rental assistance, etc from the county, as the going rate for a /studio/ is $1200/month [2]. The inflated wages of the tech industry have placed an unbearable burden on the average person.<p>[1] <a href="http://www.hacsc.org/section-8-housing-programs/waiting-lists-applicants/income-limits/" rel="nofollow">http://www.hacsc.org/section-8-housing-programs/waiting-list...</a><p>[2] <a href="http://www.hacsc.org/section-8-housing-programs/housing-choice-voucher-current-participants/voucher-payment-standard-fmr-utility-allowance/" rel="nofollow">http://www.hacsc.org/section-8-housing-programs/housing-choi...</a>
Maybe min. pay is supposed to be an entry level work. Duration will probably get you either directly hired or later laid off.<p>If that is the situation, why would you pay more than $15/hr.<p>Also, I wish there was a context of this "minimum pay" policy.