Comment on What is wage theft exactly?
HappycamperNZ@lemmy.world 5 months agoI disagree - inflation is different to a contractual agreement.
Your agreement states (for example) $10 an hour. This is what was agreed to by both parties. The wider economy is out of the scope of most companies.
Take nearly anything else you own or could own - it doesn’t grow in value or size based on inflation either.
sacredbirdman@kbin.social 5 months ago
Huh? The things people do with that wage will certainly rise in price due to inflation. Interest on bank accounts usually correlates with inflation, house prices go up with inflation (if you own one, it's value usually does too)... It's usually only stuff that wears out quickly and/or electronics (stuff that has steep inherent value deprecation) that do not grow in value due to inflation.
BradleyUffner@lemmy.world 5 months ago
If there was an agreement to match inflation and it wasn’t matched, then that would be wage theft. Lacking such an agreement, no, it’s just being a shitty company to work for, not wage theft.