Today, Target said that they will be adopting a minimum wage range from $15 to $24 an hour with higher wages going to hires in the most competitive markets. The company currently pays a universal starting wage of $15 an hour. The company plans to spend an additional $300 million on their workforce this year and will offer broader and faster access to health care coverage to its hourly workers. Target’s CEO, Brian Cornell, said “The market has changed. We want to continue to have an industry-leading position.”
See "Target to institute up to a $24 starting wage in competitive markets", Anne D’Innocenzio, ABC News, February 28, 2022