Economy

Target to raise its minimum wage

Target to raise its minimum wage”

Also, more than 60% of Target's employees live within five miles of the store where they work.

Target announced plans to hike its minimum raise to $11 next month and will increase the minimum hourly wage to $15 by 2020.

But Target's commitment to $15 is the highest from a large retailer thus far. Target framed the choice as part of its long-term business strategy.

Zagros Madjd-Sadjadi, an economics professor at Winston-Salem State University, said that with Target raising its minimum wage, the company is attempting to increase its customer service experience at a time "when that is one of the strengths of the experience in a brick-and-motor store over online shopping". Driven by minimum wage increases at Wal-Mart, the biggest retailer and private sector employer in the United States, last raised its minimum wage in 2016 to $10 per hour. It also comes as the nation's unemployment rate tightens and job vacancies continue to climb, making it harder for businesses to hang on to trained staffers.

Just in time for holiday hiring, Target is giving its lowest-paid employees a raise.

The economic timing is right to ramp up perks, said Shierholz, who previously worked as the chief economist for the Obama administration's Labor Department.

"On average, we pay 30% more than traditional retail jobs", Amazon spokeswoman Ashley Robinson said. Labor advocates have called out the restaurant and retail industries in particular for their often low starting wages, as well as such practices as last-minute scheduling that they say disrupt the lives and incomes of workers.

At Walmart, hourly workers may jump to $10 an hour in as soon as 90 days upon successful completion of a training program, according to spokesman Kory Lundberg. The October increase will put wages 52 percent higher than the federal minimum wage of $7.25 an hour, which hasn't been raised since 2009.

Washington and MA mandated in January that workers must make at least $11 an hour.

On average, Target employs 160 people per store and offers career planning and development opportunities, with one in four store leaders having come from hourly positions within a Target store. The company also pledged by the end of 2020 to be at $15 an hour.

"If Target can pay $15/hour, companies like McDonald's can and should too", Suffridge said. "They should follow Target's lead instead of paying workers so little they have to rely on public assistance to get by".

Ensuring workers stick around, especially before the holiday rush - and especially in this labor market - could ultimately save the retailer money, he said.



Like this

Latest


26 September 2017
North Korean Foreign Minister: Trump Threat Was Declaration of War
If he echoes thoughts of Little Rocket Man, they won't be around much longer!" "We have not declared war on North Korea". In response , DPRK's top leader Kim Jong Un vowed to retaliate, saying Trump "will face results beyond his expectation".

26 September 2017
Chicago cops face reprimand for 'taking a knee' in Instagram photo
Two Chicago police officers knelt alongside a community activist over the weekend and are now being reprimanded. Guglielmi said officers involved were reprimanded and counseled on department policy.

26 September 2017
Cherie Blair's father Tony Booth has died
BBC1's Till Death Us Do Part first aired as a one-off Comedy Playhouse, before the sitcom was recommissioned for a full series. Tony Booth speaking to Radio Times in 1968: Acting "I disapprove of the word "acting" - that word only refers to amateurs".

26 September 2017
N.Korea moving airplanes, boosting defense after United States bomber flight
The north Korean regime has also pledged to take " counter-measures", which could go up to "shoot down strategic bombers" americans in the future.

26 September 2017
Alexa comes to iOS and Android via Amazon Music app
Amazon has announced that its digital assistant Alexa is now available in the Amazon Music app on iOS and Android devices. You can now use Alexa to choose your next track in Amazon Music, no matter what kind of phone you have.

26 September 2017
CMA to investigate aggregator over "strong concerns" on insurer relationships
The CMA said price comparison sites are making it easier for consumers to compare prices and forcing businesses to up their game.

26 September 2017
Gareth Barry creates history at Emirates
Barry has now eclipsed the 632-game record set by former Manchester United winger, Ryan Giggs. So well done mate, and hopefully there's many more games to come".

26 September 2017
Kevin Durant is glad Golden State won't be visiting the White House
Commissioner Roger Goodell, who has taken heat for Kaepernick's struggle to find a team , quickly condemned Trump's comments. He has shown, since the beginning, his dehumanized nature. "I'm not sure how those two things would be combined", she said.

26 September 2017
Prudential plc 13.8% Potential Upside Indicated by Barclays Capital
The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Engineers Gate Manager Limited Partnership holds 0.47% of its portfolio in SINA Corp (NASDAQ:SINA) for 62,025 shares.

26 September 2017
Sloane Stephens and Madison Keys among upsets at Wuhan Open
US Open champion Sloane Stephens crashed out of the Dongfeng Motor Wuhan Open in the first round to Wang Qiang, losing 6-2, 6-2. In other matches, Angelique Kerber of Germany, the 12th seed, fell to Caroline Garcia of France.



Recommended