3 ms·
Wage theft is also not punished nearly heavily enough to act as a deterrent. From Rutgers: "Even if an employer is caught, the penalties are generally not seve
by jwestbury 4y ago
Wage theft is also not punished nearly heavily enough to act as a deterrent. From Rutgers:
"Even if an employer is caught, the penalties are generally not severe enough to change their future behavior. The two primary penalties that DOL uses are civil money penalties and liquidated damages. Employers who repeatedly or willfully violate the minimum wage and overtime requirements may be subjected to civil monetary penalties of up to $1,100 for each violation, but DOL seldom uses these penalties (Bobo, 2009)."[0]
[0]https://smlr.rutgers.edu/sites/default/files/Documents/Centers/CWW/Publications/wage_theft_in_the_united_states_a_critical_review_june_2020.pdf https://smlr.rutgers.edu/sites/default/files/Documents/Cente...
- bojangleslover 4y agoI've never understood the distinction between "employer" and "employee". There's no such thing. I've been both. So have tons of other people.
- wahnfrieden 4y agoOne does work, the other captures the surplus value of that work Sometimes the employer is also acting as a worker but not necessarily and they get to keep the surplus either way That seems like a pretty clear distinction to me
- fsckboy 4y agoif you're going to analyze the labor market, the employees are also capturing the labor surpluses https://i.ytimg.com/vi/sV5P59KbkmE/hqdefault.jpg https://i.ytimg.com/vi/sV5P59KbkmE/hqdefault.jpg
- wahnfrieden 4y agoWorkers are a variable cost. A business where the surplus goes to workers ongoing instead of profiting its owners is a failure, or a worker’s cooperative.
- kbelder 4y agoA lot of economic confusion is caused by people not understanding that 'employer' and 'employee' are just peers making a trade.