🎧 LEVER TIME: Tales From The Crypto

WEEKEND READER: Stopping Corporate Looters

Mar 27, 2022 Aditi Ramaswami
Lawmakers and regulators could do more to stop government-subsidized corporations from stealing their workers’ wages.
WEEKEND READER: Stopping Corporate Looters
Workers at a pork processing plant (AP Photo/Nati Harnik)

Earlier this month, the U.S. Labor Department ordered Iowan pork processor Seaboard Triumph Foods to shell out $331,000 in back pay to workers from whom they had stolen wages. Seaboard’s illegal wage theft is part of a larger trend of labor violations among corporations — many of which receive generous government subsidies — that has finally started to attract regulators’ attention.

As Pat Garofalo writes for Boondoggle in a story we highlight below, “By pairing vigorous labor law enforcement with antitrust reform and an end to corporate subsidies, states and localities can begin to break the hold corporations have over local labor markets and ensure that workers are paid a fair wage for a fair day’s work.”

Read all about it in this week’s Weekend Reader, exclusively for supporting subscribers below.

Only paid subscribers can comment. Please subscribe or sign in to join the conversation.