Target Raises Minimum Hourly Wage To $11, Pledges $15 By End Of 2020
CHICAGO (Reuters) – Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour — the so-called “living wage” labor advocates across the United States are campaigning for.
The Minneapolis-based retailer, which plans to start hiking minimum pay across its stores to $11 an hour in October, provided assurances that the move would not hurt its previously announced full-year and quarterly earnings forecasts.
Amid increasing competition for workers in a strengthening labor market, the “Fight for Fifteen” movement — a union-led push for a $15 minimum wage — has been gaining traction in cities across the country. – READ MORE