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What's the strategy behind Target's plan to increase hourly wages?

Target has promised to increase its minimum hourly wage to $15. The move comes as the big-box retailer works to pull itself out of a sales slump. CBS News financial contributor Mellody Hobson joins "CBS This Morning" from Chicago to discuss whether the wage increase will affect prices, how the wages will stack up against other retailers, and how the strategy could boost sales.
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