Target Corp will raise its U.S. minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart Inc to attract retail workers in a tight labor market. Minneapolis-based Target employs over 300,000 workers and runs 1,845 stores in the United
WASHINGTON - Target Corp will raise its U.S. minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart Inc to attract retail workers in a tight labor market.
Retailers have been finding it tougher to attract workers, with U.S. unemployment at its lowest level in nearly 50 years, while there has been growing political pressure on companies to pay workers a fair living wage. 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 stronger liberal platform.
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