Target shares fell 2% early Monday morning as investors worried about how much the wage hike would hurt the bottom line. Target reiterated its third-quarter and full-year profit guidance but said that it would update investors early next year about how higher wages would affect long-term profits.

Fuck investors.

kyrvin:

Target employee here. While I'm happy for the pay increase, I just hope this incentivizes management to fire bad employees. I'm on the flow team (truck unload followed by stocking), and a third of the team could be fired tomorrow and I wouldn't even notice.

The only shitty part about the pay increase is anyone making under $11.00/hour loses any yearly pay increases they have received in the past. So my coworkers who started last month will be making the same amount as I am even though I've been there over a year. I'm not too disgruntled about it, but I'm am mildly annoyed.

Also, fuck investors.


posted 2403 days ago