BUSINESS

Target Is Raising Its Minimum Wage To $9 An Hour: Report

03/18/2015 04:21 pm ET | Updated Mar 18, 2015
ASSOCIATED PRESS

Target, the nation's second-largest retailer, is raising its minimum wage to $9 an hour, Dow Jones reported Wednesday. The change will take effect in April.

The announcement comes just about a month after Walmart said that it would up its starting wage to $9, giving an estimated 500,000 workers a raise.

Molly Snyder, a spokesperson for Target, would not confirm Dow Jones' report, only stating that Target pays above federal minimum wage in all of its stores.

"We want to make sure we are competitive and make sure that we recruit great talent," she said.

The federal minimum wage, which hasn't budged since 2009, is $7.25 an hour. Democrats have proposed raising the wage to $10.10, but that plan has stalled in Congress.

As a result, a number of companies from T.J. Maxx to Starbucks have given hourly workers raises.

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