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Target will increase minimum wage to at least $9/hour for all employees

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(March 19, 2015) – According to the Wall Street Journal, Target Corp. plans to increase its minimum wage for all employees to at least $9 an hour starting in April. This move may be in response to similar moves by rivals Walmart and T.J. Maxx.

Target’s decision is the latest example of a labor market change, ultimately resulting in rising competition for lower paid workers.

Last month, Walmart announced it would raise the minimum wage for hourly workers to at least $9 an hour starting in April, and continue to increase it to $10 an hour by next year. T.J. Maxx followed suit with a pay increase across the board beginning in June, rising to at least $10 an hour next year for employees of at least six months.

According to Glassdoor, Target cashiers currently make an average of $8.33 an hour.

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