Target 🎯 A Hit Or Miss?
Target had previously pledged to raise its minimum wage to $15 by the end of 2020, but this weekend, it was announced that all hourly employees will make at least $15 an hour starting July 5. Employees will also receive a one-time bonus of $200 bucks to recognize their work during the coronavirus pandemic. This will put massive pressure other retailers to do the same!
This is a wonderful move, but the stock will undoubtedly take a short-term hit.
What are your thoughts?
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They will have better applicants from which to select. It should help with retention as well.
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