Target sets company-wide minimum wage of $15 by 2020

Cornelia Mascio
Settembre 25, 2017

Target announced plans to hike its minimum raise to $11 next month and will increase the minimum hourly wage to $15 by 2020. Target's initiative is part of its overall strategy to reinvent its business.

Target's decision comes less than three months after the Minneapolis City Council approved a measure requiring large companies to pay workers least at $15 an hour by 2022, following decisions by other liberal-leaning USA cities to raise the minimum wage. The changes come at a time when there's growing concern for the hourly workers' plight.

Minneapolis joined those cities this year, passing a plan to set the city's lowest wage at $15 by which time Target's lowest-paid workers would have been collecting that amount for four years.

Target CEO Brian Cornell says the chain store corporation "has a long history of investing in our team members", and the store is committed to "more meaningful pay" and "tools, training, and support our team needs to build their skills".

"This is just one more step in being really definitive about the investments we're making in our team and the important role they play store by store in serving our guests. and we think we're moving in a very important direction as we get ready for the holiday season".

Target, which does not typically make wage increases public in this manner, previously raised minimum pay by a dollar in both 2015 and 2016, pressured by labor groups and a competitive job market driven by minimum wage increases at Wal-Mart Stores Inc (N:).

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