Target announced Thursday that it's bumping its minimum hourly wage to $13 in June, an increase of one dollar an hour for "tens of thousands" of current and future employees. This is the third time in less than two years that Target has increased wages for its employees.
But that is not all.the nationwide retailer also announced that they plan on raising their minimum wage to $15.00/hr by the end of 2020 - basically fast tracking the recently approved plan to raise the minimum wage to $15.00/hr by 2024 for all of New Jersey. In March 2018, it boosted hourly wages to $12 after seeing a bigger and better pool of candidates.
A worker reacts beside a portable cage of Apple products while shoppers make electronics purchases during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky.
So basically the state is not going to reach the $15.00/hr minimum wage until 2024.
"Investing in our team members is essential to keep our business growing and thriving", Target Chief Human Resources Officer Melissa Kremer said in a company blog post.
The minimum wage has been upped by a dollar each year since 2017. "That helped us reach our seasonal hiring goal ahead of schedule, which gave our teams a lot of extra time to train and prepare for our busiest season of the year", Kremer said.
The $15 minimum wage movement has found support from Democrats, including Senator Elizabeth Warren, who is running for the party's 2020 presidential nomination, and Representative Alexandria Ocasio-Cortez, part of a new crop of Democrats swept into office this year on a liberal platform.