Target's initiative is part of its overall strategy to reinvent its business. But its move to increase entry-level hourly pay to $15 far exceeds not only the federal minimum of $7.25 per hour but the entry-level hourly base pay at Walmart, the nation's largest private employer, and at plenty of other retail peers whose minimum hourly pay hovers around $10.
The changes come at a time when there's growing concern for the hourly workers' plight. At the same time, competition for workers is becoming increasingly stiff.
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