Target Stock Jumps after Top Walmart Rival Hikes Minimum Wage

Did Target have an epiphany moment on income inequality, or has a tight labor market forced it to hike its minimum wage? Either way, it’s boosting its paychecks to compete more favorably with larger competitors Amazon and Walmart. In a statement, the company noted it was fulfilling the commitment it made two years ago. Target is raising its minimum wage to $13 an hour starting this June. Its goal is to raise it to $15 an hour by the end of 2020. The admirable move still leaves it behind Am