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What are you talking about? A "free market" encourages exactly this behavior! If it weren't illegal it would go on indefinitely.
by hashmap 13y ago
What are you talking about? A "free market" encourages exactly this behavior! If it weren't illegal it would go on indefinitely.
- adventured 13y agoA free market neither encourages nor discourages this type of behavior. What it does, is not regulate whether a company can poach other talent by paying higher wages, or whether a company can collude with other companies to pay the same wages and stagnate. If a company believes it has the upper hand against a competitor - and some company always acquires the upper hand sooner than later - then it would be in its best interests to poach, pay higher wages for superior talent, and bleed the competition to death.
- deleted 13y ago[deleted]
- alanh 13y agoI think the parent meant that this collusion artificially denied what would otherwise be a fair market for the employees. Of course, you are entirely correct that this sort of thing is allowed if no regulation is placed on the corporations.
- raganwald 13y agofree market != fair market
- gldalmaso 13y agoI think what the parent means is that these companies are all for free markets only to turn to informal regulation amongst themselves, making them de facto hypocrites.