Target boosting its minimum wage

Combined ShapeCaption
Target Raising Its Minimum Wage

Some Target workers will be getting more money in their paychecks starting next month.

The company announced that starting in October, it will be paying at least $11 an hour, up a dollar from its current $10 an hour minimum wage, CNBC reported.

But the retail chain isn’t stopping there. Company officials are promising that the pay will be increased to $15 by 2020.

Explore>> Read more trending news

Target is answering Walmart's pay increase last year to $10 an hour, Reuters reported.

Target has promised that the minimum pay rate will apply to 100,000 temporary workers it will hire for the holiday shopping season, CNBC reported.

Currently, Target employs 323,000 people at more than 1,800 stores.

Earlier this year, Sen. Bernie Sanders introduced a bill that would raise federal minimum wage to $15 an hour. The current federal minimum wage is set at $7.25 an hour.