The worker shortage has been a worry for many in recent years, particularly following the fallout of the COVID pandemic. Many of the biggest companies in the country are struggling to find staff for some of their more menial, lower-paid jobs, like fast-food workers and shop assistants. One of the primary reasons for this is thought to be the stagnating minimum wage.
But in light of this, many companies have decided to take a stand. Some have taken huge steps to raise their wages to appeal to workers and put an end to staff shortages. And the latest one to announce a rise in its initial wage is none other than Target.
The history of Target’s starting wages
Target has always been at the forefront of raising initial wages for its staff. It raised the wage to $15/hr back in 2017, which saw many other large companies like Best Buy following suit. Even Amazon now has a minimum wage of $15/hr.
The latest raise
In February of this year, Target announced a new raise in its initial wage to $24/hr. Target CEO Brian Cornell told The Associated Press, “The market has changed. We want to continue to have an industry-leading position.”
Are there any other benefits?
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