Target said Monday it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets.
The Minneapolis-based discount retailer said Monday, Feb. 28, 2022 that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets. It currently pays a universal starting wage of $15 an hour. The Minneapolis-based discount retailer said Monday that it will adopt minimum wages that range from $15 to $24 an hour, with the highest pay going to hires in the most competitive markets.
“The market has changed," said Target CEO Brian Cornell in an interview with The Associated Press. ”We want to continue to have an industry-leading position.” When Target first announced in 2017 it would pay $15 an hour by 2020, it was one of the first major retailers to do so. But during the pandemic, a number of rivals like Best Buy followed suit, with some surpassing Target. Costco raised its minimum hourly wages for workers from $16 to $17 last fall. Amazon’s starting wage is $15 per hour, and the e-commerce giant's nationwide average starting wage for jobs in transportation and fulfillment is $18 an hour.
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