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Are you sure? Google participated in an anti-poaching deal that would result in lower pay because of less competition. Even if they did increase pay, it could
by jasonlotito 9y ago
Are you sure? Google participated in an anti-poaching deal that would result in lower pay because of less competition. Even if they did increase pay, it could still be below what they would have paid if they had not had this policy in the first place. I'd need to see something that takes this into account before I believe it.
- stephenhuey 9y agoExactly. It began at least a dozen years ago and the case lasted a long time: https://www.justice.gov/opa/pr/justice-department-requires-six-high-tech-companies-stop-entering-anticompetitive-employee https://www.justice.gov/opa/pr/justice-department-requires-s... http://fortune.com/2015/09/03/koh-anti-poach-order/ http://fortune.com/2015/09/03/koh-anti-poach-order/ Most likely the $5K payout per employee was 5-10 times lower than what was lost by all the employees collectively. Maybe that's not true and the tech giants wouldn't have hired as many people but I think all those companies collectively could've easily afforded an extra $5 billion over that timespan. Perhaps they would've innovated even more! I expect the effects of this to last a lot longer. Edit: I changed "nearly a dozen" to "at least a dozen"