The True Crime of Wage Theft (with Terri Gerstein)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 9 April 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the shadows of corporate greed and exploitation lies a sinister crime that is silently perpetrated, leaving countless victims in its wake—a crime that affects millions of hardworking Americans every year and sucks billions out of our economy —Wage Theft. No industry is immune to this insidious crime, from restaurant workers to construction laborers. On this episode of Pitchfork Economics, we are joined by Terri Gerstein, Director of the Labor Initiative at NYU Robert F. Wagner Graduate School of Public Service, to unpack the chilling truth behind these workplace crimes, learn who the perpetrators are, and uncover how they get away with it. Most importantly, what can be done to stop them? Terri Gerstein is the Director of the NYU Wagner Labor Initiative, at NYU’s Robert F. Wagner Graduate School of Public Service, which explores and helps activate the often-untapped potential of government in safeguarding and advancing workers' rights. Previously, Terri enforced labor laws in New York for 17 years, including as Labor Bureau Chief in the New York State Attorney General’s Office. Crime music bed by Power Music Factory News clips from CBS News, CBS Miami, and CBS Philadelphia Twitter: @TerriGerstein NYU Wagner Labor Initiative Further reading: Prosecute Bad Bosses: More district attorneys are cracking down on abusive employers. It's about time Report mentioned in the episode from the National Coalition Against Insurance Fraud: The Costly Crime and Impact of Workers’ Comp Premium Fraud The Role of State Attorneys General in Protecting Workers’ Rights Report: How district attorneys and state attorneys general are fighting workplace abuses More states should follow new Colorado policy on wage theft Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.
0:10.0	It's time to build our economy from the bottom up and from the middle out, not the top down.
0:15.5	Middle out economics is the answer.
0:17.8	Because Wall Street didn't build this country.
0:20.1	Great middle class built this country.
0:22.2	The more the middle class thrives, the better the economy from the middle out.
0:42.0	Welcome to the show. If someone steals money from their employer, they could be guilty of a serious crime.
0:57.0	But what if an employer takes money from their employees' paychecks?
1:00.0	In the shadows of corporate greed and exploitation lies a sinister crime that is silently perpetrated,
1:07.0	leaving countless victims in its wake.
1:10.0	A crime that affects millions of hardworking Americans every year and sucks billions out of our economy.
1:17.0	Of course, we're talking about wage theft.
1:20.0	Wage theft costs Americans more than any other type of theft each year.
1:25.2	No industry is immune to this insidious crime from restaurant workers to construction labors.
1:31.8	Wage theft means workers not getting money they earn.
1:35.0	Wage left is rampant?
1:36.7	Today we're joined by Terry Gerstein,
1:39.6	director of the Labor Initiative at NYU Robert F Wagner's graduate school of public service to
1:46.3	unpack the chilling truth behind these workplace crimes, learn who the perpetrators
1:52.4	are, and to uncover how they get away with it.
1:57.0	My name is Terry Gerstein.
2:02.0	I'm the director of the NYU Wagner Labor Initiative
	...

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