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Wage Theft is incredibly prevalent and costly. Strong clear worker protections would provide guidance for companies to treat employees with respect, which would provide more incentive for people to show up and work.
“Why don’t people work anymore?” – often it’s because the boss is a crook
Bingo. The average worker isn’t stupid. They know they’re being ripped off by their employer with low wages, overtime denial and inflexible scheduling, to name just a few of the issues. They see the quarterly reports and how much the CEO and other managers are making while their own costs keep rising beyond their means to pay. It’s no wonder so many of them have become skeptical and jaded. Sometimes it’s just not worth it.
Capitalism needs labor, so capitalism only works if it is a fair and balanced system where employers treat their employees fairly and pay them a living wage. Absent that, you eventually see a breakdown in the system. And that’s where we are. Unless businesses change their ways or government steps in to make them change, it won’t get better.
Sarcasm…. Shouldn’t we just deregulate business? The extra profit will trickle down to employees!
Management skirts labor laws frequently to lower their labor costs.
Labor effects the bottom line usually more than any other cost.