If they don't get paid, they have lost the entire value of their labor. Why is this worth less than money? If anything it should be worth more. There are only so many hours in the day.
Thats not how it works, you can pay out of pocket for a lawyer to help you, but people in this position can't generally afford a lawyer. Take a look at all the stories of Trump not paying employees, they didn't have a government hotline to call that got Trump to pay up.
> The WHD conducts investigations as a part of its enforcement of the FLSA and many investigations are initiated by worker complaints.
Not only that, but it can go beyond civil actions:
> Employers who willfully violate the minimum wage or overtime laws are subject to civil penalties of up to $1,000 for each willful violation. Willful violations of the FLSA may result in criminal prosecution and the violator can be subject to a fine of up to $10,000. A second conviction may result in imprisonment.
https://employment.findlaw.com/wages-and-benefits/how-to-rep...
Nearly 50% are denied after a 6 month process on average. Like disability claims or VA claims or immigration application...or any other administrative legal action, you generally need a lawyer to navigate through the process successfully.
But perhaps you have a personal experience you can share where you called and they got your unpaid wages from your employer.
Also, loss of wages accumulates over time and you're probably going to look for another job or quit if you're not getting paid. But you could easily invest several years of worth of salary in the stock market, and lose the majority if it crashes hard enough.
Not from a taxation standpoint. And investors shouldn't get better tax rates than workers because their is a non-zero chance of losing their investment, if nothing else the deduction of their loss is already built into the system so why give them additional lower rates?
>But you could easily invest several years of worth of salary in the stock market, and lose the majority if it crashes hard enough.
The only people who can "invest several years of worth of salary in the stock market" are independently wealthy people. Again 40% of the country don't have $400 in savings, the numbers speak for themselves the median savings of the top 10% is $170k (even that wouldn't be several years of salary for them).
Risk has nothing to do with capital gains being lower than payroll/income taxes.
Given the current market conditions, a person must risk $100 to get a return of about $3 max. The capitalist needs to put about 30 times as much at risk for the same reward.