Target Stock Jumps after Top Walmart Rival Hikes Minimum Wage

2019-4-5 22:56

Did Target have an epiphany moment on income inequality, or has a tight labor market forced it to hike its minimum wage? Either way, it’s boosting its paychecks to compete more favorably with larger competitors Amazon and Walmart.

In a statement, the company noted it was fulfilling the commitment it made two years ago. Target is raising its minimum wage to $13 an hour starting this June. Its goal is to raise it to $15 an hour by the end of 2020. The admirable move still leaves it behind Amazon and Costco. However, it’s ahead of Walmart. Tight Labor Market

The post Target Stock Jumps after Top Walmart Rival Hikes Minimum Wage appeared first on CCN

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Источник: ccn.com

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