{"id":364554,"date":"2018-06-08T11:15:26","date_gmt":"2018-06-08T10:15:26","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/new-report-reveals-rampant-wage-theft-among-top-us-corporations\/"},"modified":"2018-06-08T11:15:26","modified_gmt":"2018-06-08T10:15:26","slug":"new-report-reveals-rampant-wage-theft-among-top-us-corporations","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/new-report-reveals-rampant-wage-theft-among-top-us-corporations\/","title":{"rendered":"New Report Reveals Rampant Wage Theft Among Top US Corporations"},"content":{"rendered":"<div>\n      <!-- begin featured-media-content --><\/p>\n<p>      <!-- begin partial\/series-card --><\/p>\n<p>A \u201c<a href=\"https:\/\/twitter.com\/tamaradraut\/status\/1003996577969647617\">jaw-dropping<\/a>\u201d wage theft report out this week reveals that many top US corporations\u2014from Walmart to Bank of America to AT&amp;T\u2014\u201dhave fattened their profits by forcing employees to work off the clock or depriving them of required overtime pay,\u201d based on a review of labor lawsuits and enforcement actions.<\/p>\n<p><a href=\"https:\/\/www.goodjobsfirst.org\/sites\/default\/files\/docs\/pdfs\/wagetheft_report.pdf\"><em>Grand Theft Paycheck: The Large Corporations Shortchanging Their Workers\u2019 Wages<\/em><\/a><span>\u00a0<\/span>(pdf), produced by Good Jobs First and the Jobs With Justice Education Fund, found that hundreds of firms have collectively paid billions of dollars in wage theft penalties since 2000.<\/p>\n<p>The report identifies several wage theft practices such as off-the-clock work, job title misclassifications that unfairly exempt workers from overtime pay, and uncompensated clothing purchase requirements, as well as overtime, minimum wage, meal break, and tip violations.<\/p>\n<p>Researchers uncovered more than 1,200 successful collective actions challenging large companies\u2019 bad behavior. Those cases cost top corporations a total of $8.8 billion. A review of actions by the U.S. Department of Labor and eight state regulatory agencies uncovered another 4,220 cases against major corporations, which produced $9.2 billion in penalites.<\/p>\n<p>\u201cOur findings make it clear that wage theft goes far beyond sweatshops, fast-food outlets, and retailers. It is built into the business model of a substantial portion of corporate America,\u201d said Good Jobs First research director Philip Mattera, the report\u2019s lead author.<\/p>\n<p>The employers who paid the most penalties for wage theft violations ranged from retailers and banks to insurance and telecommunications companies, the report highlights:<\/p>\n<blockquote>\n<p>Among the dozen most penalized corporations, Walmart, with $1.4 billion in total settlements and fines, is the only retailer. Second is FedEx with $502 million. Half of the top dozen are banks and insurance companies, including Bank of America ($381 million); Wells Fargo ($205 million); JPMorgan Chase ($160&#8230;<\/p>\n<\/blockquote>\n<\/div>\n<p><a href=\"https:\/\/truthout.org\/articles\/jaw-dropping-report-reveals-rampant-wage-theft-among-top-us-corporations\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A \u201cjaw-dropping\u201d wage theft report out this week reveals that many top US corporations\u2014from Walmart to Bank of America to AT&amp;T\u2014\u201dhave fattened their profits by forcing employees to work off the clock or depriving them of required overtime pay,\u201d based on a review of labor lawsuits and enforcement actions. Grand Theft Paycheck: The Large Corporations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-364554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/364554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=364554"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/364554\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=364554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=364554"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=364554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}