Wal-Mart Stores Inc and Target

minimum wage: The $1-per-hour raise marks the second time Target has followed Wal-Mart Stores Inc in raising base wages, according to Euro News. It also comes as a union-led push for a $15 minimum wage, the so-called Fight for Fifteen movement, is gaining traction in cities across the country and even has become a topic in the U.S. presidential campaign, with Democratic candidate Bernie Sanders calling for a $15 living wage. Target management has informed store managers, who in turn have started informing employees about the wage hike and most employees who earn less than $10 per hour should see their base pay go up in May, two sources with direct knowledge of the situation told Reuters. Target decision reflects growing competition for workers in an increasingly strong labour market. Target last raised its minimum pay rate in April 2015 to $9 an hour, up from the federal minimum wage of $7.25 per hour at the time. The number of Americans filing for unemployment benefits has fallen to its lowest point in 42-1/2-years, and the jobless rate is only 5.0 percent. (news.financializer.com). As reported in the news.

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