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Target raises its minimum wage to $15 ahead of schedule

Target originally set out to get to $15 an hour by the end of 2020.

Minneapolis-based Target will up its starting wage to $15 an hour to thank employees for working through the COVID-19 pandemic.

Target announced in 2017 that it would raise the starting wage to $15 an hour by the end of 2020. In light of the virus, the store will move the increase up to July 5. The store last raised its base wage to $13 an hour in June 2019.

In addition to the raise, Target announced Wednesday it would also provide employees who worked through the pandemic $200 bonuses.

The store also said it would provide virtual healthcare to employees, regardless of whether they subscribe to a Target healthcare plan. Workers 65 and older and those with underlying conditions will also have access to extended paid leave.

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Backup childcare options will also be extended through August, meaning Target will provide access to a provider or in-home option.

“In the best of times, our team brings incredible energy and empathy to our work, and in harder times they bring those qualities plus extraordinary resilience and agility to keep Target on the forefront of meeting the changing needs of our guests and our business year after year,” said Brian Cornell, chairman and CEO of Target Corporation in a statement.

In Minneapolis, the minimum wage is set to go to $13.25 July 1 for large employers, while the state of Minnesota’s minimum wage is currently $10 for large employers. 

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