Target (TGT) also committed to a $15 minimum wage by the end of 2020. The company says the increase will also apply to the more than 100,000 hourly workers it is hiring for the holidays. It's also much higher than the current federal minimum wage of $7.25.
People also ask, what is the average age of a minimum wage worker?
The analysis also includes a number of workers making slightly above $10.10, who, history suggests, would receive a raise if the minimum wage were increased. Minimum-wage workers are older than they used to be. Their average age is 35, and 88 percent are at least 20 years old.
How much do you make a year at minimum wage?
The weekly take-home pay for a 40-hour-a-week minimum-wage employee, after Social Security and Medicare taxes. That adds up to $13,926.38 per year, or just over $1,150 per month. The commonly cited minimum wage annual salary for a 40-hour-a-week worker is $15,080 -- before taxes.
How much is a minimum wage salary?
While not every worker is eligible, it provides a minimum of earnings for the lowest-paid workers. The annual earnings for a full-time minimum-wage worker is $15,080 at the current federal minimum wage of $7.25. Full-time work means working 2,080 hours each year, which is 40 hours each week.