So here I am contemplating whether or not radio is the job for me after this announcement!
Hobby Lobby announced Monday that it is raising its minimum full-time hourly wage to $17 effective October 1st. Pretty good for retail if you ask me.
Hobby Lobby’s founder and CEO David Green said in a statement, “Because this year has presented so many challenges to our employees, we are very happy that we are able to provide pay increases to thousands of our associates before the Christmas season.”
Here’s what I didn’t know about the company! Hobby Lobby said it was one of the first companies to set a nationwide minimum hourly wage above the federal minimum wage in 2009. Since then, the company said it’s raised its minimum wages ten times.
$17 an hour is a nice hourly rate in my opinion considering the federal minimum wage is $7.25/hr. Hobby Lobby has just under 1000 stores in almost every state, aside from four. It describes itself as the “largest privately owned arts-and-crafts retailer in the world.”
Hobby Lobby is the latest company to make this announcement after Target announced they were moving to $15/hour in July. Walmart also announced that they would test new higher wages for hourly positions in 500 of its stores.