NEW YORK (AP) — Target Corp. says it’s permanently increasing starting hourly wages for its workers to $15 beginning July 5, several months ahead of schedule.
The Minneapolis-based company had set a goal in 2017 to gradually increase hourly wages from $10 to $15 by the end of 2020.
The last time Target permanently increased pay was in June 2019 when it raised hourly pay to $13. But starting in mid-March, Target gave a temporary $2 wage bump to part-time and full-time workers as a reward for working under the crush of orders during the pandemic.
The pay hike affects roughly 275,000 Target workers, the company said. Target is also giving out $200 bonuses to workers as other retailers like Kroger and Amazon have stopped paying bonuses.