Target Raises Minimum Wage to $24 Per Hour, Making Jobs More Competitive

Target Corporation, one of the largest retailers in the United States, has announced plans to raise the minimum wage for its retail store and distribution center employees to as much as $24 per hour. The move is expected to make Target jobs more competitive and attract job seekers to the company. The company's CEO, Brian Cornell, explained that the decision was based on the changing market and a desire to maintain an industry-leading position. In addition to raising the minimum wage, Target is also investing an additional $300 million in its labor force to enhance its appeal as an employer and retain employees for longer periods.

Target has been a leader in setting higher minimum wage standards for its employees. In 2017, the company committed to paying its workers a minimum of $15 per hour, prompting other major companies like Amazon and Costco to follow suit. While Amazon matched Target's $15 per hour rate, Costco raised the bar even higher, offering its employees $17 per hour. Target's latest wage increase initiative is likely to make the company even more appealing to job seekers, particularly in states like New York, where the labor market is highly competitive.