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This article deals with a paradox. Evidence for the punishment of workers during the early Middle Ages is richer in the earlier period (sixth and seventh centuries), when rural workers are generally thought to have been the least oppressed; by contrast, direct discussion of the subject largely drops out of the record in the Carolingian era (eighth to tenth centuries), despite clear evidence for renewed intensification of economic exploitation by both lay and religious lordships over the same period. Whereas the punishment of slaves had once provided a richly productive metaphor for thinking through issues of moral authority and legitimate leadership, Carolingian moralists and commentators no longer took the punishment of workers as a meaningful model for other, more morally or religiously motivated practices of punishment. Despite interest in punishment in other, non-exploitative contexts, lords’ practices of punishment of their workers were no longer taken as productive of meaning, whether positive or negative. The relationship of lords with their lowest-ranking dependents no longer defined or illustrated their power in the way that it had for the earlier Roman and late antique paterfamilias. One reason for this was the increasing tension perceived between profit-seeking and the correct, justified exercise of punishment: the two were kept at arms’ length by Carolingian writers to a surprising extent.