CHICAGO - MAY 23: A bicyclist rides past a row of shopping carts outside a Target store with a cart full of merchandise May 23, 2007 in Chicago, Illinois. Today Target reported and 18 percent increase in their quarterly earnings, beating analyst expectations. (Photo by Scott Olson/Getty Images)
Target is giving its workers a raise.
The company announced Monday that it would increase the minimum hourly wage for all workers to $11 next month.
Target 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.
Target has been steadily raising its minimum wage for the past few years. Last year, it hiked the amount to $10 an hour.
The $11 wage is higher than the minimum wage in 48 states, and it matches amounts in Massachusetts and Washington, Target says.
It's also much higher than the current federal minimum wage of $7.25.