Companies Steal $15 Billion From Their Employees Every Year

When employers fail to pay overtime, withhold tips from waitresses and waiters, or misclassify workers as exempt from minimum wage regulations, they’re stealing income from the poorest members of society. “Wage theft,” the collective term for this practice, can take many forms. But it comes down to something simple: bosses stiffing workers out what they are legally owed.

This workplace larceny is worse than you might think. The Economic Policy Institute, a think-tank that investigates labor issues, analyzed records for the 10 most populous states. Looking just at one form of wage theft–failure to pay minimum wages in each state–it documents $8 billion in annual underpayments. Extrapolated across the U.S. as a whole, it calculates a total of $15 billion a year in employer misappropriation, which is more than the value of all the property stolen during robberies, burglaries, and auto thefts across the country.

Read on at the SOURCE

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