Thursday, April 4, 2019

Target raises minimum wage to $13 an hour in tight labor market

Target Corp will raise its U.S. minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart Inc to attract retail workers in a tight labor market.

Target previously raised minimum hourly pay to $12 in March 2018 from $11. In 2017, Target, said it was committed to raising its minimum wage to $15 an hour by 2020. The wage increase will affect “tens of thousands” of employees, a Target spokeswoman said.. . . more