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Target raises minimum wage to $11 an hour, $15 by 2020
Posted on 9/25/17 at 11:08 am
Posted on 9/25/17 at 11:08 am
The company announced Monday that it would increase the minimum hourly wage for all workers to $11 next month.
Target (TGT) also committed to a $15 minimum wage by the end of 2020.
Full Story - CNN
Where is the money going to come from for the raises? One of two things will happen ... cost of goods will rise, which means the customer will pay for it or quality will go down and Target will soon become Wal-Mart.
Either way, Amazon still wins with its consumer selling model.
Target (TGT) also committed to a $15 minimum wage by the end of 2020.
Full Story - CNN
Where is the money going to come from for the raises? One of two things will happen ... cost of goods will rise, which means the customer will pay for it or quality will go down and Target will soon become Wal-Mart.
Either way, Amazon still wins with its consumer selling model.
This post was edited on 9/25/17 at 11:09 am
42
Posted on 9/25/17 at 11:08 am to Will Cover
Good thing I don't shop at that shite hole.
Posted on 9/25/17 at 11:09 am to Will Cover
Good for them
Posted on 9/25/17 at 11:09 am to Will Cover
Private company, they can do what they want, absolutely NO ONE should have a problem with this.
Posted on 9/25/17 at 11:09 am to Will Cover
Good for them. They have hiring standards.
Posted on 9/25/17 at 11:10 am to Will Cover
This will not end well for Target unless they are planning mass automation by 2020.
Posted on 9/25/17 at 11:10 am to HeyHeyHogsAllTheWay
quote:
Private company,
Not quite.
Posted on 9/25/17 at 11:10 am to Will Cover
Target’s COGS to sales ratio is actually lower than both Walmart and Amazon.
They have a little wiggle room.
They have a little wiggle room.
Posted on 9/25/17 at 11:11 am to 225bred
quote:you probably shop at walmart instead you pompous bastard.
Good thing I don't shop at that shite hole.
Posted on 9/25/17 at 11:11 am to Will Cover
This just in - Target raises prices annually through 2020.
Posted on 9/25/17 at 11:11 am to Will Cover
quote:
Where is the money going to come from for the raises? One of two things will happen ... cost of goods will rise, which means the customer will pay for it or quality will go down and Target will soon become Wal-Mart.
you are not an economics guy
when wages increase, you maintain profitability by either raises prices and/or reducing staff.
Posted on 9/25/17 at 11:11 am to Will Cover
I'm fine with a private company setting their own minimum wage. I just don't like it mandated from the government
Posted on 9/25/17 at 11:12 am to SLafourche07
quote:
Not quite.
Even publicly traded companies are private property
Posted on 9/25/17 at 11:12 am to Will Cover
One other scenario is that the hidden costs of talent acquisition and turnover go down exponentially due to higher wages. Also, they can be more choosy about who they hire because they will have a line out the door.
Posted on 9/25/17 at 11:12 am to HeyHeyHogsAllTheWay
quote:
Private company,
quote:Agreed, but what difference does it make if they're public or private?
they can do what they want, absolutely NO ONE should have a problem with this.
Posted on 9/25/17 at 11:13 am to Will Cover
Dumb move by Target but if they want to lose money go for it.
Posted on 9/25/17 at 11:13 am to Rouge
quote:
and/or reducing staff.
I'm betting this is what happens. Probably moving toward automation.
Posted on 9/25/17 at 11:13 am to Will Cover
quote:
Target will soon become Wal-Mart.
I believe this to be the case already.
Posted on 9/25/17 at 11:13 am to HeyHeyHogsAllTheWay
quote:
Private company, they can do what they want, absolutely NO ONE should have a problem with this.
They can do whatever the f they want to. I don’t shop at target anyway, so their raised prices won’t affect me
Posted on 9/25/17 at 11:13 am to T-Mike
quote:
One other scenario is that the hidden costs of talent acquisition and turnover go down exponentially due to higher wages. Also, they can be more choosy about who they hire because they will have a line out the door.
Yep. This will be a big positive for them.
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