Target Raising Minimum Wage to $11 an Hour

Starting next month, Target will be raising its minimum wage from $10 to $11 per hour; eventually, all US stores will have an $11 minimum wage. In announcing the move Monday, Target also committed to raising its minimum wage to $15 per hour by 2020, CNBC reports. CNBC notes that Target and Walmart have been in a years-long "wage war," and that this latest move puts Target's pace ahead of Walmart's when it comes to raising wages. Walmart has made no changes to its minimum wage since raising it to $10 last year. The federal minimum wage is $7.25; only two states (Massachusetts and Washington) have a minimum wage of $11 per hour. (More minimum wage stories.)