The laws are against the employee when it comes to salaried positions. Most jobs that pay a salary are exempt from overtime; only certain types of jobs qualify. However, due to lack of awareness, not paying overtime to a salaried employee who actually qualifies is probably a very common form of wage theft.

Btw, I’ve never heard wage theft used to refer to employees misreporting their hours. I’m not sure that’s a common usage of the term (kinda think it’s not).