General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhen a corporation does the right thing, we should support them. Thank you, Target!
https://www.reuters.com/article/us-target-wages/target-raises-minimum-hourly-wage-to-11-pledges-15-by-end-of-2020-idUSKCN1C01JO
Target raises minimum hourly wage to $11, pledges $15 by end of 2020
CHICAGO (Reuters) - Target Corp (TGT.N) said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour -- the so-called living wage labor advocates across the United States are campaigning for.
The Minneapolis-based retailer, which plans to start hiking minimum pay across its stores to $11 an hour in October, provided assurances that the move would not hurt its previously announced full-year and quarterly earnings forecasts.
Amid increasing competition for workers in a strengthening labor market, the Fight for Fifteen movement -- a union-led push for a $15 minimum wage -- has been gaining traction in cities across the country.
Targets decision comes less than three months after the Minneapolis City Council approved a measure requiring large companies to pay workers least at $15 an hour by 2022, following decisions by other liberal-leaning U.S. cities to raise the minimum wage.
Hoyt
(54,770 posts)Juliusseizure
(562 posts)They're forced to or workers will leave en masse or push for a union. The turnover is already crippling.
If you want to make a CEO keel over and vomit, just say "union".
Target hires professional anti-union marketers and busters to target unionization like every other corporation.
Here's one of many anti-union videos.
Volaris
(11,691 posts)It was a SMART Business decision, a forward-thinking decision for damn sure ( and in that respect, it does separate them from most of the Next-Quarter-Is-All-That-Matters crowd of idiots who populate corporate boardrooms anymore), but still a business decision, that I would bet their next Stock Split was reviewed and approved by their marketing department before anything else happened with it.
Henry Ford was smart this way a century ago, and he was still an asshole of a Human Being...
Dustlawyer
(10,539 posts)If people work full time they should be paid a living wage with health insurance. Single payer could make this a reality.
Ineeda
(3,626 posts)That I've boycotting them. I've actually crossed their threshold only once during that time, when a neighbor "needed" something. I stood at the doors and just watched, disgusted at the propaganda-buying sheep -- um, I mean customers. There's a Target just across the street! Even if it's the only game in town -- shop out of town!
Hoyt
(54,770 posts)Workers might get a union in some states, but not in others. If I were working at Target, I'd feel pretty good about this. I'm sure there are some things that aren't so good.
Good or bad, there are only about 14 Million workers in unions nowadays and almost half of those are government workers.
Juliusseizure
(562 posts)I'm basically pointing out the law. Target has a duty to shareholders to act in their best interests to increase profit over time (they don't have to maximize profit).
Based on my 5 minutes of research, the CEO as of 2015 seems like a good guy. A registered democrat with a difficult childhood who generally looks out for employees.
I recognize that his duty to greedy shareholders, corporate charter and cut-throat competition from Amazon and other retailers would get him fired if went pro-union, and this may be the best he could do.
Dustlawyer
(10,539 posts)empathy too! Your point about not having to maximize profit is too true but rarely followed due to greedy officers and directors.
BP did a great job of dragging out the litigation and settlements to the victims of the Gulf oil spill, causing many more businesses to fail waiting for recompense. They did not want to lower their dividends which were the highest in the oil industry.
Volaris
(11,691 posts)It's why corporate Personhood has been a bullshit argument since the 14th Amendment.
LeftInTX
(34,248 posts)Will he call for Target boycotts...etc.?
It seems like every time a business does something good, he starts complaining.
liberalnarb
(4,532 posts)If that isn't the best illustration of how ass-backwards the right is then I don't know what is.
WhiskeyGrinder
(26,943 posts)DK504
(3,847 posts)If one of those toryute sessions is called someone (pro-union) needs to call the union to come in slap the company stupid.
WhiskeyGrinder
(26,943 posts)They've been slapped many, many times. Doesn't stop them from trying, through, and they've got the money and staying power to outlast any $11/hour employee.
mountain grammy
(29,024 posts)because, as we all know, it's way more than just wages, silly. Capitalism demands the right to have complete control over the workforce, or, sons of bitches as the case may be.
MontanaMama
(24,721 posts)in Montana - where wages are generally low. We employ 7 people, 3of them partime by their choice and the rest full time. We've never started anybody under $11 per hour. Most of our staff makes $16-$20. That little bump in wage buys a whole lot of loyalty and motivation from our crew. It is a no-brainer. All the scuttle about higher minimum wage hurting business is BS IMHO. I'm happy to hear this from Target - I'll let the manager know at my next weekly stop.
PoindexterOglethorpe
(28,493 posts)it's nice you understand that paying employees well pays off to the employer.
I recall reading a couple of years ago that WalMart had a turnover of some huge amount. Some jobs up to 300% a year, and they just didn't care, and took the cost of recruiting, hiring, and training vast numbers of new employees to be a part of doing business.
MontanaMama
(24,721 posts)I couldn't look at myself in the mirror if they were making poverty wages. That isn't right. I've had those jobs myself - when every day was full of stress or worry and my employer didn't care. I worked for a dentist for 21 years without insurance benefits! It was so hard. When I quit that job to join my husband at our business, we made a pact that we would pay everybody a living wage, pay their insurance premiums and provide a company matched 401K. It took a few years to get it done but we did it. When employees can make a living, plan for the future and not have to worry if they get sick it is amazing what they'll happily do for you at work. At least, this has been our experience.
TheFrenchRazor
(2,116 posts)just as low as the wages; turnover is high, and nobody gives a darn because they are literally making poverty wages and can't afford to survive. if employers would reward the good employees and give them a reason to care and stay, the company would benefit far more than the dollar amount spent.
Amimnoch
(4,558 posts)I've been a dedicated Target shopper for anything that I need that they sell ever since they took the human approach to the bathroom inclusive environment.
MontanaMama
(24,721 posts)store in my town will often walk around the store thanking customers for shopping with them.
Scruffy1
(3,533 posts)Truth is they can't get anybody to work there for the pittance they are paying. Like they said:It won't even affect their bottom line. So they are being generous in raising the floor a buck. It's still far from being a living wage. Their corporate headquarters is about 3 miles from me and they even managed to scam the city out of money to help build it. They constantly break labor laws and never have to answer for it because around these parts they are a sacred cow albeit a greedy and bloated one.
Luz
(919 posts)either.
Fla Dem
(27,630 posts)But the fact they''re stepping up to the plate and starting the move to $15 is commendable. As far as getting 40 hrs per week, if the job applicants are getting fewer, not only will there be 40hr weeks, but OT. Then I suppose some people will complain the companies are working their ee's too hard.
Hortensis
(58,785 posts)I'm not going to badmouth Target for coming out of this mean, laissez-faire era waking up to the consequences of not paying sustainable wages.
Like so many other large chains facing bankruptcy, Target's pools of prospective employees and customers are the same. At least Target is trying to move back toward the level of prosperity that built its success back in the 1960s-1980s.
Fla Dem
(27,630 posts)Always clean, associates friendly and helpful, lots of products I buy at competitive prices. The few cents I may have to pay over Wal-Mart prices is worth the better experience.
Link to tweet