Target employees have reason to celebrate.
“Target will raise its minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart to attract retail workers in a tight labor market.
Minneapolis-based Target employs over 300,000 workers and runs 1,845 stores in the United States. It is investing billions of dollars to improve its supply chain, grow its online sales and improve delivery of merchandise to shoppers’ homes.
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.
Retailers have been finding it tougher to attract workers, with unemployment at its lowest level in nearly 50 years, while there has been growing political pressure on companies to pay workers a fair living wage.
Walmart, the world’s largest retailer and the largest private sector employer, pays workers $11 an hour at entry-level. Walmart did not immediately respond to a request for comment.”
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