Target put the spotlight on the retail industry when it announced an hourly minimum wage increase of $11 in 2017. Employment experts viewed the increase as a way to stem the high turnover rate that plagued the industry. Since 2017, big names like Walmart and Amazon have also increased their minimum wages — though not without losses for employees. Amazon slashed bonuses for warehouse employees and Walmart abruptly shuttered 63 Sam’s Clubs after its wage announcement.
