https://amp.cnn.com/cnn/2020/06/17/business/target-minimum-wage-increase/index.htmlNew York(CNN) Target said Wednesday it will raise its minimum wage for employees to $15 up from $13 starting July 5, a few months ahead of a deadline it set three years ago.The retailer had made a pledge in 2017 to increase wages to $15 an hour by December 2020. The company said Wednesday that the new minimum wage applies to 275,000 part-time and full-time employees at its discount stores, distribution centers and its headquarters.A tight labor market before the pandemic had prompted major retailers including Walmart and Amazon to announce wage hikes. The federal minimum wage is $7.25, and it hasn't increased in over a decade.
Its good when a company does that. Its bad when government demands it.