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Target to raise minimum wage for thousands of employees

Target is pledging to raise its minimum wage to $11 per hour and promising $15 an hour by 2020. Target's CEO says he chose to make the pay raise public to show that Target's investment in its employees is ‘definitive’. Yahoo Finance’s Alexis Christoforous, Myles Udland and Melody Hahm figure out how this will impact the retail landscape.