For me this issue isn't so black and white. If an engineer being paid $100k/yr pulled something like this, yes I'd say he's stealing from his employer. When someone making $2.85/hr does this, I'm not sure it's stealing. The employer has the ability to hire someone at an insulting wage, and the employee has the ability to make the situation a little more favorable for themselves.
Most people have though about doing something like this, or done it, but most of us do have choices about where we work, and if you want the word 'honorable' to ever be used to describe you, then you will avoid this type of activity.
