Target increasing minimum wage to $13, hopes for $15 by 2020

Target raises minimum wage to $13 from $12 File

Target raises minimum wage to $13 from $12 File

Target Corp. announced Thursday it will raise its minimum hourly wage to $13 in June.

Last fall, e-commerce giant Amazon boosted its employees' minimum wage to $15 per hour and revealed that its public policy team was working with congressional members to campaign for a higher federal minimum wage, which is set at $7.25. The company employs more than 300,000 workers and operates almost 1,850 stores across the country. The discount chain is investing billions of dollars to improve its supply chain, expand online sales and improve delivery of merchandise to shoppers' homes.

According to the Washington Post, Walmart - one of Target's top competitors - raised its starting pay to $11 an hour previous year.

Target is raising the minimum hourly wage for its workers for the third time in less than two years.

Kremer says Target recognizes employees as its greatest assets. With the unemployment rate still relatively low, retailers are finding themselves hard-pressed in the pursuit of qualified candidates, who can be persuaded to demand higher compensation.

So basically the state is not going to reach the $15.00/hr minimum wage until 2024. "We were able to start them all at $12 or more...", said Melissa Kremer, chief human resources officer.

Ochsner Health system is increasing their minimum wage rate for 1,200 employees across the system starting January 20.

The $15 minimum wage movement has found support from Democrats, including Senator Elizabeth Warren, who is running for the party's 2020 presidential nomination, and Representative Alexandria Ocasio-Cortez, part of a new crop of Democrats swept into office this year on a liberal platform.

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