Today I Learned

151 readers

3 users here now

Post direct links to interesting facts that you just learned about today

founded 1 year ago

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]

4 comments fedilink hide all child comments

The suit alleged Google, Apple Intel and Adobe agreed not to recruit each others employees in order to drive down wages.

you are viewing a single comment's thread
view the rest of the comments

[–] [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.