Higher Bar
Target Is Smart to Raise Its Minimum Wage
A happier, more specialized work force can help it stand out in a competitive crowd.
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Target Corp. is betting that the path to becoming a healthier company is through fatter paychecks.
The big-box retailer said Monday it is set to raise its minimum hourly wage to $11 in October. By the end of 2020, it plans to bump its wage floor even higher, to $15 per hour. The retailer did not say exactly how many of its 323,000 employees would be affected by the change in policy. It also did not specify how much the pay raise would add to its expenses, according to Bloomberg News.