Employee Theft

A $40 Billion Industry

Bibliographic Data

ID9767257
AuthorsMARK LIPMAN (corresponding author), W R McGRAW, Walter McGraw
Year1988
Volume498
Issue1
Pages51-59
Publication date1988-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Annals of the American Academy of Political and Social Science (JOURNAL)
Journal identifiersISSN: 0002-7162 • E-ISSN: 1552-3349
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/0002716288498001006
OpenAlexW2106215170
LanguageEN
Citations received9

Employee theft is estimated to cost American business up to $40 billion annually. The costs to society include increased business failures, along with the resulting losses in jobs and tax revenues, and higher prices passed on to consumers. An intangible societal cost is the operation of the private justice system, completely separate from the criminal justice system. Because private employers focus on preventing crimes against their businesses, including employee theft, apprehending and prosecuting criminals ex post facto is rarely a priority, and prosecution is often avoided as troublesome and unsettling. Employee thieves generally do not feel any long-term commitment to the employer and are not motivated by financial need

Big business · Business · Criminal justice · De facto · Economic Justice · Economics · Political science · Public economics · Revenue · Tax revenue · Ethics in Business and Education · Finance · Law · Workplace Violence and Bullying

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