this post was submitted on 05 Jul 2023
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Today I Learned

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TIL During the 2000's, Google, Apple, Adobe, Intel, and several other mega corporations had a mutual agreement not to hire each other's employees in order to keep salaries low. This led to a 400 mil c (www.npr.org)
submitted 1 year ago by [email protected] to c/[email protected]
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The suit alleged Google, Apple Intel and Adobe agreed not to recruit each others employees in order to drive down wages.

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[–] [email protected] 1 points 1 year ago

And this is why I laugh at libertarians. They always seem to think markets wouldn’t do potentially damaging things to themselves or customers, but history always points to profit as the driving factor, and if harm can happen alongside profits, so be it.