Reuters reports that “Target Corp will raise its U.S. minimum wage to $13 an hour in June, from $12, increasing its payroll costs and putting new pressure on rival Walmart Inc to follow suit, given a labor market that is among the tightest in half a century.”
Target has committed to a $15 minimum wage by the end of 2020.
The story notes that raising the minimum wage has become a hot topic on the campaign trail, as Democratic candidates for their party’s presidential nomination have focused on the issue, linking it to national concerns about income inequality. Reuters writes that “amid the growing political pressure, other companies have also moved to raise wages. For example, Costco Wholesale Corp raised its minimum wage twice in a year and since March has been paying employees at least $15 an hour.”
Target has committed to a $15 minimum wage by the end of 2020.
The story notes that raising the minimum wage has become a hot topic on the campaign trail, as Democratic candidates for their party’s presidential nomination have focused on the issue, linking it to national concerns about income inequality. Reuters writes that “amid the growing political pressure, other companies have also moved to raise wages. For example, Costco Wholesale Corp raised its minimum wage twice in a year and since March has been paying employees at least $15 an hour.”
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