Kudos once again to the Economic Policy Institute for its latest study on the widespread practice by employers of wage theft. Workers struggling to make ends meet at sub-living-wage levels are also subjected to the denial of earned income through a range of nefarious practices by employers. The cost?
It is useful to compare the cost of these wage and hour violations with crimes that are better recognized and greatly more feared, though they are much smaller in their overall dollar impact. All of the robberies, burglaries, larcenies, and motor vehicle thefts in the nation cost their victims less than $14 billion in 2012, according to the FBI’s Uniform Crime Reports. That is well over one-third of the estimated cost of wage theft nationwide.
Another instance of criminal class warfare that goes largely unacknowledged and unpunished.