Target to lift minimum wage to $9 an hour, matching rivals

[tammywammy]

Target Corp next month will raise the minimum wage for all of its workers to $9 an hour, matching moves made by rivals including Wal-Mart Stores Inc and TJX Cos, a source familiar with the matter said.

The move comes in the face of pressure from labor groups and allies calling for a "living wage" at retailers and fast-food companies across the country, as well as increased competition for labor with the unemployment rate at its lowest in more than six years.

Target shares fell 1 percent in extended trade. The company would not comment on the new minimum, saying it does not disclose wage levels.

The clearest sign of the changing labor landscape came last month when Wal-Mart, the largest private employer in the United States, said it would move to the $9 minimum in April with a further bump to $10 next year.

http://in.reuters.com/article/2015/03/19/target-wages-idINL2N0WK2T120150319

[diabeticman]

1. I am worried that this might be the only way to raise the min wage is by companies trying to match

others...but I am worried that those who don't follow will keep wages low and soon we will find people having more problems arising like congress making it harder to get assistance.

[Liberal_in_LA]

2. good

[romanic]

3. Still too low.

.

[Sherman A1]

4. Precisely

but, it is a start.

[JI7]

5. already 9 in california and will be 10 starting in 2016

[zappaman]

6. Keep going...