Target raises its minimum wage to $13 from $12, with goal of $15 by 2020

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Target is elevating the minimum hourly wage for its workers for the third time in decrease than two years.

The discounter acknowledged Thursday it plans to elevate the hourly starting wage to $13 from $12 in June.

The Minneapolis-based retailer launched in 2017 a plan to elevate its starting hourly wages for workers to $15 by the tip of 2020 and raised its starting hourly wage to $11. In March 2018, it boosted hourly wages to $12 after seeing a a lot larger and better pool of candidates.

With unemployment shut to all-time low, retailers are beneath pressure to uncover licensed workers. In October, Amazon launched a minimum hourly wage of $15 for its U.S. employees.

Walmart raised its starting pay to $11 an hour in early 2018.

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