Target Raises Minimum Salary to $13 An Hour

According to the Star Tribune Target Corporation announced yesterday that it will be bumping their minimum hourly salary by $1.00 to $13.00 an hour starting in June. Target also said that they pledge to pay a minimum salary of $15.00 per hour by 2020.

Target Corporate would not say exactly how many employees will be affected by the pay boost but did say it is in the "tens of thousands" and will apply to employees at stores, distribution centers and the downtown Minneapolis headquarters.

With the federal minimum wage at $7.25 an hour, Minnesota requires a large employer like Target to pay $9.86, which is far below what they were already paying . Other major retailers like Amazon and Costco have already jumped on the $15 an hour minimum wage for it's employees. If this continues to be a trend I am sure we will see many more big retailers joining in as well, as the search for good employees can be very competitive.