4 ms·
That's an oligopoly/cartel, which represents monopoly power on labor demand, and is illegal
by adam_arthur 4y ago
That's an oligopoly/cartel, which represents monopoly power on labor demand, and is illegal
- AlexandrB 4y agoDid anyone go to jail over it? No. I doubt anyone was even fired. It was settled for $415 million split 4 ways between the companies involved[1]. So it's "illegal", but in terms of repercussions experienced by the offenders I'd say it's up there with a $150 speeding ticket. https://www.cnet.com/tech/tech-industry/apple-google-others-settle-anti-poaching-lawsuit-for-415-million/ https://www.cnet.com/tech/tech-industry/apple-google-others-...
- adam_arthur 4y agoThat's a problem with elected officials/regulatory agencies. I'm a strong believer that government's number one priority should be to maintain a competitive market, as in the long run that produces the best outcomes for broader society. Unfortunately they've failed quite badly at it. Especially in regards to big tech. Important to direct ire towards those that are responsible, representatives need to be held accountable