The Techtopus: How Silicon Valley’s most celebrated CEOs conspired to drive down 100,000 tech engineers’ wages
In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs sealed a secret and illegal pact with Google’s Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other’s employees, sharing wage scale information, and punishing violators.
I can maybe – MAYBE – sell myself on a non poaching-for-the-sake-of-poaching agreement, where you agree not to hire people you don’t need just to hurt the other guy. But even that I don’t like, and this seems worse.
Funny how business always seems to loves the free market until that market increases wages.