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Bloomberg
Target Corp is raising its minimum hourly wage to $15 at a time when its workers are grappling with the dual impact of the pandemic and protests for racial equality that began in the chain’s hometown.
The cheap-chic retailer will move to $15 an hour on July 5, fulfilling a pledge it made three years ago and providing about 275,000 workers a raise, the company said. This follows $1-an-hour increases in each of the past three years and puts Target well ahead of rival Walmart’s $11 starting wage.
Target will also provide one-time $200 bonuses to store and distribution center workers at the end of July, and offer free virtual doctor visits for all associates through the end of the year while extending other benefits like free backup daycare.
Target’s moves to reward its rank-and-file staffers come as big-box retail workers face unprecedented hardships related to the coronavirus, which has created Black Friday-esque levels of demand for everyday goods.