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The Economy, Stupid

The Cost of Wage Theft

Mar 7, 2024
Exploring the billion-dollar wage theft in Australia, the podcast delves into cases involving major companies like Coles and Commonwealth Bank. Guests discuss protecting vulnerable workers, criminalizing wage theft, and improving rights for temporary migrant workers.
29:07

Podcast summary created with Snipd AI

Quick takeaways

  • Wage theft in Australia exceeds $1 billion annually, impacting workers' financial security.
  • Vulnerable groups like temporary migrants and young workers are most affected by wage theft.

Deep dives

Forms of wage theft in Australia

Wage theft in Australia takes various forms, including not paying workers for the time spent on tasks before or after their shifts, such as setting up workstations and closing duties in retail. Moreover, issues like not receiving penalty rates on holidays, unpaid superannuation, or underpaid superannuation are prevalent. The estimated cost of wage theft in Australia was found to exceed $1 billion a year, with significant impacts on workers' financial security and overall economic wellbeing.

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