Target will raise its minimum wage from $12 to $13 an hour in June.
Elise Amendola / AP fileGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.Target will raise its minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart to attract retail workers in a tight labor market.
Target previously raised minimum hourly pay to $12 in March 2018 from $11. In 2017, Target, said it was committed to raising its minimum wage to $15 an hour by 2020. The wage increase will affect"tens of thousands" of employees, a Target spokeswoman said. Walmart, the world's largest retailer and the largest private sector employer, pays workers $11 an hour at entry-level. Walmart did not immediately respond to a request for comment.
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