By Bill Symsick, ProudMoney.com, firstname.lastname@example.org
Target announced today that it will increase its minimum wage to $11 per hour beginning in October. Target’s current minimum wage is $10. In addition, Target offered a “commitment” to increase the minimum wage for its employees to $15 by the end of the year 2020, though it offered no specifics on when further increases would happen.
The increase to $11 per hour will include the 100,000 seasonal workers Target plans to hire in the coming months.
The change in minimum hourly wages will put Target back ahead of Walmart, which has a minimum hourly wage of $10. Costco, by contrast, has a much higher minimum wage, with workers getting at least $13 per hour.
Target has over 300,000 store employees overall. It says each store employs about 160 people.