Popular Colorado Retailer Boosts Wages To $19.25 An Hour

Retailers around Colorado and the county have made several announcements in 2024. We've heard about stores closing, stores opening new locations, and some retailers who gave raises to employees.

Read More: 22 Of The Best-Paying Jobs In Colorado If You Don't Have A Degree

One company offering increased hourly wages to their Colorado employees is Hobby Lobby. Founder David Green started the company in 1972. Today there are more than 1000 Hobby Lobby stores with nearly 50,000 employees. Do you know how many Hobby Lobby stores are still in Colorado?

Get our free mobile app

Another Wage Increase at Hobby Lobby

A company press release issued on September 30th announced the new minimum wage for full-time employees at Hobby Lobby stores would be $19.25 beginning October 1st, 2024. This rate of pay at 40 hours per week would give some Americans an annual salary of around $40,000. According to Hobby Lobby, this is the 13th time employee wages have increased in the last 15 years.

Read More: 50 Jobs That May Not Exist in the Future

Down Side of Wage Increases

While $19.25 seems much better than the Federal Minimum Wage of $7.25 per hour, the downside of $20-per-hour wages has included a smaller number of jobs, fewer hours, fewer benefits, and a smaller share of overall hours. Hobby Lobby employees are also eligible for medical, prescription, and dental benefits as well as a 401(k).

Keep scrolling to find all of the remaining Hobby Lobby locations in the Centennial State in the gallery below.