Elise Amendola / AP fileGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.Target will raise its minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart to attract retail workers in a tight labor market.
Target previously raised minimum hourly pay to $12 in March 2018 from $11. In 2017, Target, said it was committed to raising its minimum wage to $15 an hour by 2020. The wage increase will affect"tens of thousands" of employees, a Target spokeswoman said. Walmart, the world's largest retailer and the largest private sector employer, pays workers $11 an hour at entry-level. Walmart did not immediately respond to a request for comment.
CaitlinPacific Maybe tougher immigration enforcement? Less regulations boosts employment too
So, is that why they closed in the black community's? To bump up starting pay?
canuck2usa Labor market is super tight right now. People jumping ship left and right. Based on 06 min wage of 7.25, present wages should be between $10-11 after inflation. At $13-14 hourly employees are inflated 12-14% above market. As soon as bull market ends, lots of layoffs
Justsiigh let’s gooo👀
HarborFreight needs to start seriously doing this to get better employees. $9.50 an hour isn’t cutting it anymore. I know you have heard the saying “you get what you pay for.” Well I know many stores are struggling to get and retain good staff. Help out!
Tight labor market increases wages in the short term. Long term after employment market is less tight they start to reduce those higher paid employees for lower paying ones.
CaitlinPacific Still👏not👏high👏enough. Scones and croissants still cost $7 at the airport and you can’t tell me any human’s worth is less than two pastry per hour.
CaitlinPacific Wait. It's almost as if they need to pay more to appeal to better applicants!
Awesome! Now I can pay even more for the stuff I need because selfish people demand to make more than they're worth! AND let's let in all the immigrants too! YAY!
Target was my high school job— $6 an hour. Granted, that was 20 years ago, but America has an inflation problem on top of a wage problem. I live in China now, and $6 an hour would be enough to live rather well in most places. It’s a two-fold issue.
So demand went up... Leading up...
Still shit wages.
canuck2usa that makes sense. pay more and svae on turnover and get better employees. win!
Remember these are part time jobs. The raise is nice but the workers need a eight hour job. Work on that.
Kudos!
Goooooooooooooooooood!👏👏👏
I can't vote democrat. Some people may not like Trump or whatever. But we need to stop electing democrats because it's just going to get worse. Companies should not allow to be controlled by our government. No socialism
Bye bye jobs hello Boston dynamic robots
♨️📰| The soldiers of the Khi;lafah destroy a well belonging to a representative working as a spy for the murt;add Nigerian Army in Damask town located in Borno 2 days ago, and all praise is due to Allah. 🔰 Gleyber Torres 🔰 Timmothy Pitzen 🏞
WWWVillainess Maybe $15 would be better
Key words “tight labor market.” It’s almost like capitalism is working or something. SocialismSucks
Count me in
And more Target are closing.
Yes! Let companies decide their own minimum wage! Don't force a national standard. This is how it should be.
As they add more self serve checkouts. TargetLessWorkers
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »