Large numbers of employers are it seems now in the habit of shortchanging their staff as a deliberate strategy to increase profits. At least 2 million workers a year in the UK are being cheated of pay they are owed. This estimate of the scale of wages theft comes from a new report from researchers at Middlesex University, which puts the value of the lost pay at over £3bn a year.
Clearly, this should not happen. But, as ever, how important is it?
There’re some 30 million in work, average wage is £25,000 (both rough estimates). Total UK wages are some £750 billion a year. £3 billion is fiddled.
Is this higher or lower than the rate of benefits fiddles which we must not, under any circumstances, worry about?