Big news from Target this week.......
For nearly a year the amount of job openings in the U.S has exceeded the number of people seeking work. That has made it hard, at least in some markets, for companies to fill jobs.
Even workers lacking college degrees, specialized training, and unique skills have choices. That makes finding enough employees to staff stores a challenge for large retailers like Walmart (NYSE:WMT) and Target (NYSE:TGT).
The two companies have taken steps to become places people want to work. These steps include offering more training, improving benefits, and paying more per hour. Now, however, Target has upped the ante by increasing its entry-level pay to $2 more per hour than the $11 minimum wage Walmart pays.
Read the rest of this analysis from Motley Fool:
https://www.fool.com/investing/2019/04/07/targets-latest-move-puts-pressure-on-walmart.aspx
Fast-food joints are going to find it harder and harder and harder to staff their positions. Which is only going to continue the trend of moving toward self-order kiosks. Wait for it......
Grace & Peace & Love to you all -
Matt