Comment by port443
Yes it absolutely matters. My brother was charged with three felonies in his only arrest, all of them dropped.
It shows up in his background report and no company has cared (or taken the time to notice) that they are dropped charges and not convictions.
He's basically treated like a felon and effectively got bumped out of his career.
This can happen just being under investigation. Or worse, no arrest, conviction or investigation. Just word of mouth kind of stuff can do it.
Employers also have a convenient privilege to maintain these narratives about a former employee. This is employer to employer confidentiality where they can say almost anything about you to another potential employer and you never have the chance to hear it or correct it.
Everyone should support the ability of even a person with a conviction to continue working and contributing to society. It's kind of a civil death that leads to bad outcomes for those targeted.