Target wage increase a small sign of US inflation

Retailer Target plans to increase the salaries

Target Corp said it would raise its minimum wage this year to $11 from $10 per hour, and bump it to $15 by the end of 2020. That follows a similar $1/hour hikes in 2015 and 2016.

Target employs more than more than 323,000 people and said that the $11 hourly wage also applies to the more than 100 000 workers it hired for the holiday season.

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