Distressing news today, as it seems that Target’s decision to increase its minimum wage hasn’t worked out so great for employees:
Two years ago, Target said it would raise its minimum wage to $15 an hour by the end of 2020. But some store workers say the wage increases aren't helping because their hours are falling, making it hard to keep their health insurance or pay their bills. https://t.co/4MZ3iBJ8lZ
— CNN Business (@CNNBusiness) October 14, 2019
More from CNN:
CNN Business interviewed 23 current and former Target employees in recent months, including department managers, who say hours have been scaled back even as Target has increased starting wages. Many of these workers say the cuts, which come as Target’s business is in its strongest position in more than a decade, have hurt them financially. CNN Business agreed to withhold the last names of several of the current employees and the city where their store is located so they could speak freely.
“I got that dollar raise but I’m getting $200 less in my paycheck,” said one, Heather, who started in November at a Florida store working around 40 hours a week. She’s now below 20 some weeks, she said. “I have no idea how I’m going to pay rent or buy food.”
Beyond just a drop in earnings that Target workers who spoke with CNN Business have experienced, employees who average fewer than 30 hours of work a week during the year aren’t eligible to qualify for health insurance benefits through the company during annual enrollment season in the spring. Target offers health insurance benefits to eligible employees who average more than 30 hours a week, according to the company. Target does not publicly disclose other requirements to qualify for health insurance benefits.
Completely unforeseeable. https://t.co/EjWn4W0yTz
— Stephen Miller (@redsteeze) October 14, 2019
— ❤️ Jayvie ❤️ (@OneFineJay) October 14, 2019
— LeoArt (@LeoRezArt) October 14, 2019
— Greg Talbott (@GregTalbott) October 14, 2019
— Pixieprogrammer (@Pixieprogrammer) October 14, 2019
No. Way. Never saw that coming… 🙄🤦🏼♀️
— ⭐ Jess ⭐ (@MsJaggy) October 14, 2019
if only someone could have possibly warned of this.
— Sarah (@mamaswati) October 14, 2019
If only someone could have warned us that this would happen when wages are raised… https://t.co/QaLV88teS6
— Josh Jordan (@NumbersMuncher) October 14, 2019
If only we had known. https://t.co/aVU8UGkmxc
— Sean Agnew (@seanagnew) October 14, 2019
— Ryan (@chasinghumility) October 14, 2019
From the pages of DUH magazine…
— Joey Mccord (@therealjmccord) October 14, 2019
— RBe (@RBPundit) October 14, 2019
— Patrick Hedger (@PatHedger18) October 14, 2019
— Tyler. (@TylerJHorn_) October 14, 2019
i mean… yeah that’s how economics works https://t.co/bLDtYqIOC9
— Ben McDonald (@Bmac0507) October 14, 2019
To be clear, we’re not rejoicing in Target employees’ financial hardships. But anyone with even a basic understanding of fundamental economic principles could and should have seen this coming from miles away.
— Kemba (@kembageorge) October 14, 2019