Actionable news
0
All posts from Actionable news
Actionable news in TGT: TARGET CORPORATION,

For Wage Growth, a Natural Rising Tide May Be Better Than a Tsunami of Dictated Policy

1

If you're wondering the best way to raise everyone's wages -- including your own -- take a moment to consider how nature moves water around our little planet.

This week I read a story about Target Corporation's move to increase its starting pay level to $10 per hour. For our discussion, the "how much" is less important, but the "why" makes all the difference in the world to increasing more U.S. wages.

It may be a shock to some that Target (TGT - Get Report) , without any coercion from the federal government in terms of an increase in the mandated minimum wage, took its own initiative to raise pay for entry-level workers. The reasons why Target made this decision includes needing to stay competitive in the labor market, as it is competing for talent with similar companies such as Walmart, which also recently raised its wages.

Target is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how...


More