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Anonymous Coward writes:
In a follow up to our story a few days ago, Newly unsealed documents from Google and Apple further prove their complicity in a secret illegal agreement to limit employees' careers and wages. Some background on this cartel is available in another article covering the US Department of Justice investigation into this matter earlier this week. When these companies were caught red-handed, blatantly breaking the law, the US government intervened on workers' behalf by asking the companies to, in effect, "please stop doing this," but the proposed settlement will only "be in effect" for the next five years.
Go justice!
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Newly Unsealed Docs in Illegal Wage-Theft Cartel
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(Score: 3, Interesting) by Sir Garlon on Thursday March 27 2014, @07:33AM
Because other executives don't demand it. Corporations want weak oversight because it costs less; complaining about the cost and restrictiveness of regulation is very much in vogue these days. This is narrow thinking. A fair labor market would benefit all companies. A rigged labor market benefits those who are able to rig it. If executives would realize that every time some other corporation gets away with something, that's money out of the pockets of their own shareholders, then they'd hold politicians' feet to the fire for better policing of the marketplace.
[Sir Garlon] is the marvellest knight who is now living, for he destroyeth many good knights, for he goeth invisible.
(Score: 3, Insightful) by Anonymous Coward on Thursday March 27 2014, @03:39PM
>A rigged labor market benefits those who are able to rig it.
Not at all - if the dominant employers conspire to keep wages for job X at 50% below what they would otherwise be then *every* business benefits - they can hire top-quality X employees for 49% less than they otherwise would. In the long term the field may suffer from a lack of new talent as it specializes elsewhere for better wages, but that takes years or decades to manifest, and it's a rare company in this day and age that looks more than a few years out, if even that.