Wednesday, November 22, 2006

Consumer-Employee Greed, Blue Collar Crime?

We hear a lot about "corporate greed" and "greedy CEOs," but what about "consumer greed" and "worker greed"? Seems like a lot of shoppers and employees just can't keep their hands off the property owned by "greedy" corporations where they shop, or for whom they work.

U.S. retailers lost some $37.4 billion to theft last year (about $100 million per day), and employee theft remained the biggest source of losses for retailers. Overall, theft by employees, shoplifting, vendor fraud and administrative error amounted to 1.6 percent of retailers' sales in 2005, up from 1.54 percent the year before, marking the first time in four years that the rate has increased.

Read more here.

Read my article "What About Consumer Greed?"

1 Comments:

At 2/06/2008 10:22 AM, Anonymous Anonymous said...

Are greedy CEO's stealing the ultimate value of their workers labour?

 

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