Hobby Lobby increased its minimum hourly wage effective in 2022
At the end of 2021, Hobby Lobby Stores Inc. (Hobby Lobby) announced an increase in its minimum full-time hourly wage to $18.50, at the start of the new year. Hobby Lobby has historically led the retail sector in raising its national minimum wage about the federal minimum wage, raising wages 12 times since 2009. Additionally, this move follows an increase in its part-time hourly minimum wage by 18.0% in October 2021.
LaborIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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