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For the past four decades, the majority of American workers have been shortchanged by economic policymaking that has suppressed the growth of hourly wages and prevented greater improvements in living standards. Achieving a secure, middle-class lifestyle has become increasingly difficult as hourly pay for most workers has either stagnated or declined. For millions of the country's lowest-paid workers, financial security is even more fleeting because of unscrupulous employers stealing a portion of their paychecks.
Wage theft, the practice of employers failing to pay workers the full wages to which they are legally entitled, is a widespread and deep-rooted problem that directly harms millions of U.S. workers each year. Employers refusing to pay promised wages, paying less than legally mandated minimums, failing to pay for all hours worked, or not paying overtime premiums deprives working people of billions of dollars annually. It also leaves hundreds of thousands of affected workers and their families in poverty. Wage theft does not just harm the workers and families who directly suffer exploitation; it also weakens the bargaining power of workers more broadly by putting downward pressure on hourly wages in affected industries and occupations. For many low-income families who suffer wage theft, the resulting loss of income forces them to rely more heavily on public assistance programs, unduly straining safety net programs and hamstringing efforts to reduce poverty.
-- submitted from IRC
(Score: 2) by dry on Tuesday May 23 2017, @02:27AM (3 children)
I worked for a rip off artist once, took over a month to realize that his BS was just that, BS and I left. He got 4 weeks work for 2 weeks pay and had a lineup of people looking for work. Even if everyone left as soon as they figured out the scam, the employer was still ahead. Being a corporation, it was also easy for him to fold one business and continue as another business when things caught up with him.
There's a reason that capitalism depends on a high unemployment rate, and it isn't for the benefit of the workers
(Score: 2) by migz on Tuesday May 23 2017, @08:01AM (2 children)
Sorry that you got caught by this con artist, but without capitalism, this douche would still be a douche. That's not capitalisms fault. Well done for getting away. You should name and shame. It is your responsibility to protect others from harm by reporting on his actions. Hopefully by now his reputation is ruined, and nobody else is being caught out by this bloodsucker.
Capitalism does not depend on a high unemployment rate.
Btw. capitalism does not require corporations.
(Score: 2) by dry on Thursday May 25 2017, @06:03AM (1 child)
Naming and shaming someone who has probably been dead for a few decades won't do any good.
While capitalism doesn't require corporations or a high unemployment rate, becoming super rich at the expense of society while doing the minimum of real productivity does. Our form of capitalism rewards efficiency, not morality.
(Score: 2) by migz on Saturday May 27 2017, @09:01AM
Sorry to raise an old thread.
Your form of government rewards connectedness to the elite, not efficiency.
The opposite of Capitalism is Central planning. Less capitalism means more elitism.
You cannot argue that because some people are bad, and you choose to mistakenly blame capitalism for this failure, that capitalism is at fault.
The axiom that some people are bad, holds true regardless of whether there is capitalism or not.
They question is what system is better considering that there are bad people?
Capitalism means that you get to keep what is yours, and are never forced to part with it against your will. It means that you are not forced to buy the government hamburgers, and that you are free to spend your money on avocado lattes, or craft beer. Nor are you forced to serve in the army, but can choose who you wish to work with (note not for, but with). Capitalism means that you can choose to transact with those you find moral.
Again the getting rich at the expense of society is only possible because of the central planning of the federal reserve monopoly which is empowered by the government. This is not the fault of capitalism.