NEW YORK (AP) — Target Corp. is raising its minimum hourly wage to $11 starting next month and then to $15 by the end of 2020.
The initiative from the Minnesota-based discount retailer is a move it says will help it better recruit and retain staff and provide a better shopping experience for its customers.
Target’s move to increase entry-level hourly pay to $15 far exceeds the federal minimum of $7.25 per hour, and also the entry-level hourly base pay at Walmart, the nation’s largest private employer.
The changes come at a time when there’s growing concern for the hourly workers’ plight. At the same time, competition for workers is becoming increasingly stiff.