In a move that will impact 275,000 employees that work at its stores and distribution centers, Target said Wednesday it will permanently raise its starting wage by $2 to $15 beginning July 5.
The Fight for $15 notched another major victory with lawmakers in Connecticut approving a plan to implement a $15 wage floor across the state by 2023.
Lawmakers managed to override Republican Gov. Larry Hogan’s veto of a minimum wage bill. Maryland’s current minimum wage is $10.10, and the new policy will gradually raise the wage floor to $15 by 2025.
The new plan would raise the minimum wage to $10 an hour on July 1, $11 an hour in 2020, $12 an hour in 2021, $13 in 2022, $14 in 2023 and $15 in 2024.
The report Institute for Policy Studies and the Restaurant Opportunities Center found that job growth at full-service restaurants went up and take-home pay increased significantly after New York hiked the tipped minimum from $5 per hour to $7.50 per hour.
Minnesota’s second-largest city has joined the growing wave of cities across the country that have decided to require that workers be paid a minimum of $15 an hour.
JPMorgan Chase bank has committed to paying its newly hired tellers, bankers and branch managers in the Washington area a minimum of $18 an hour.
Economics professors found that a minimum wage increase of $.50 an hour reduced the chance that a person would end up back in prison within a year by 2.8%.
This policy is said to bring the wages of thousands of workers, approximately 40,000, to $19 per hour by 2023.
Raising minimum wage has boosted the paychecks of food service workers while not harming jobs, according to a new study from the University of California, Berkeley.