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This is exactly what they're doing. The big players have gotten together in a room somewhere and tried to figure out how to push wages down, and they decided t
by fallingfrog 4y ago
This is exactly what they're doing. The big players have gotten together in a room somewhere and tried to figure out how to push wages down, and they decided to just all fire a bunch of people at the same time. Every industry in the country engages in systematic and widespread price fixing (eggs, insulin, rent...) and this is just an example. They want to push wages down, push prices up, and that's how they make profit.
This American Life did an episode where they did a deep dive on a famous incidence of price fixing (it was some chemical in chicken feed). https://www.thisamericanlife.org/168/the-fix-is-in https://www.thisamericanlife.org/168/the-fix-is-in
The idea that tech giants dont collude to push down wages is, frankly, fanciful. We know about non-compete agreements and such- this is industry standard practice.