Why CEOs should want better enforcement of labor law ...Middle East

The Hill - News
Why CEOs should want better enforcement of labor law
We assume that if a company breaks the law, it will be punished. But when it comes to many foundational worker protections, the actual punishment for a violation is little more than a slap on the wrist. A new bill introduced by House Democrats in July — the LET’S Protect Workers Act — seeks to change that by raising penalties for breaking major labor and employment laws. This action is long overdue and would be a boon not just to vulnerable workers, but also to ethical business leaders who risk being undercut by unscrupulous competitors. Right now, penalties are often so low that a simple cost-benefit calculation, absent ethical considerations, would tell many firms to break the law.

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