Can you really make $24/hour at Target?

Photo+of+Target+store

Jay Reed

Photo of Target store

This year, the big-box store company, Target, has raised the minimum wage from $15 per hour to up to $24 dollars per hour. Also, workers who work at least 25 hours per week will receive healthcare benefits. Employees who work at least 30 hours per week and with the new benchmark, this means that only 20% of employees will be eligible for this new pay raise. I interviewed Will, a friend and student at Denmark High, about the new increase. He said, “That’s good and all, but with that much money being paid out to teenagers, it’s not an amazing idea, although it’s thoughtful and what not, its bound to hurt their sales and cause potential bankruptcy.” After that, I then told him that probably only 20% of these workers would be eligible, he said, “That’s a fair trade off so the people who need it, get it. And people who shouldn’t have it are not getting it.” Target stated that the highest possible wage will go for employees in the high competitive markets such as in New York. This wage increase is part of a $300 million investment for a new pay and benefits for its employees. Target said that these workers are able to access 401k plans earlier and medical benefits such as virtual physical therapy and acupuncture at no extra cost.
Companies such as Starbucks and Costco are also raising their minimum wage in the nationwide competition for their employees. A group of independent workers that includes rank and file company employees, called “Target workers unite”, say that the increased pay rate is probably exclusive to warehouse workers. This could mean that the pay range is lower in the South. More than 24 states have exceeded the minimum wage including the District of Columbia and United States territories such as the Virgin Islands and Guam while the federal minimum wage is $7.25 per hour.
Last year, Target announced their collaboration with “Guild Education” to provide workers with free education programs including college degrees, boot camps and certificates. Also last year, Costco raised their minimum wage to $17 and Walmart to $12.
Sources:
Torchinsky, R. (2022, March 1). Target is raising its minimum wage to as much as $24 an hour. NPR. Retrieved May 3, 2022, from https://www.npr.org/2022/03/01/1083720431/target-minimum-wage#:~:text=Target%20is%20raising%20its%20minimum%20wage%20to%20as%20much%20as%20%2424%20an%20hour&text=Companies%20have%20been%20raising%20pay,ranging%20from%20%2415%20to%20%2424.
None, N. (2022, February 28). Target raising wages up to $24 an hour for some workers. NBCNews.com. Retrieved May 4, 2022, from https://www.nbcnews.com/business/business-news/target-raising-wages-24-hour-workers-rcna17911