Target Corp. is the latest business to say it will raise the minimum wage for hourly workers to at least $9 an hour, following in the footsteps of Wal-Mart and the parent company of T.J. Maxx and Marshalls.
"We make sure we're competitive in every marketplace in which we do business," Target spokeswoman Molly Snyder told the Star Tribune. "As part of that, we regularly and continually evaluate the marketplace to make sure our wages are competitive." Snyder also said that pay raises as part of a merit process usually happen in the spring.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Major League Baseball is facing an epidemic of pitcher's injuriesUnder the Radar Many insiders are blaming the pitch clock for the rise in injuries — but the league is not so sure
-
8 movie musicals that prove the screen can share the stageThe Week Recommends The singing and dancing, bigger than life itself
-
2024 Mother's Day Gift GuideThe Week Recommends A present for every mom
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
