Apple And Google Conspire to Suppress Wages

The article, and I do suggest reading the whole thing, covers the lawsuit against Apple, Google and others for conspiring to keep wages in Silicon Valley down. An excerpt:

What’s galling about the emails is that they come from executives who, on any other day, praise the wonders of the free market, competition, and its ability to set fair prices. Yet in private, when it comes to their own companies, they avoid competing for staff and pursue policies that artificially distort the market to ensure that their most valuable assets — the people who actually create the products that generate Apple and Google’s returns — get paid as little as possible.

At the same time the executives of these large politically connected firms are suppressing wages, they are also lobbying for more immigration.

The original article: Apple And Google Recruitment Emails In Lawsuit – Business Insider.

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