I’m not like a super political person, and from my understanding its the idea that if I make a $10 thing for the bossman, but only get $1 that is wage theft?
But like, when I took the job I knew how much I was going to make?
Or is it like, people are literally not getting their paychecks?
I’m slightly inebreated, lazy, and don’t want my algorithms to start becoming politically charged from googling and youtubing this. I’m already collapse aware and my mental health is ultra fragile.
Help me Lemmy wan kenobi, you’re my only hope.
I 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.
Huh? The things people do for 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.
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.