Why Target is hiking its minimum wage to as much as $24 an hour

It’s just a good business decision to keep on raising hourly wages for workers as it will help retain the top talent that is driving strong sales and profits, explains Target CFO Michael Fiddelke.

Target said this week it would lift hourly wages for workers in distribution centers, stores, etc. to $15 to $24 an hour depending on location and position. The total investment will amount to $300 million. The discounter revealed back in 2017 a desire to increase its minimum wage to $15 an hour by…


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