Target wage hike a small sign of US inflation

Retailer Target plans to raise wages

Target Corp said it would raise its minimum wage this year to $11 from $10 per hour, and will bump it to $15 by the end of 2020. That follows similar $1/hour hikes in 2015 and 2016.

Target employs more than more than 323,000 people and said the $11 hourly wage would also apply to the more than 100,000 workers they are hiring for the holiday season.