By Todd Kmiec

Target is raising the minimum wage that it pays employees. Is the labor market finally getting tighter?

We know that unemployment is down, but with so many underemployed we haven’t seen any pressure to grow wages for a very long time. While minimum wage jobs are far different than the mid to high level salaries that really drive business conditions and prosperity, it has to start somewhere.

Watch for further wage growth creeping up the salary ladder to indicate some real growth.

Todd Kmiec

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