Re:Judge rejects $324.5M settlement over Apple, Google hiring
by candu on Friday August 08, 2014 @05:16PM
(#8155105)
Yes, it's true that the tech industry has bad optics right now, and that this probably looks like ridiculous entitlement to just about everyone else.
That's a shame, because collusion of this sort is illegal, full stop. If our industry "complains" about it, and wins, this precedent sends a very clear message to companies - including, and perhaps especially, those in other industries - that wage-fixing pacts of this sort are not tolerated. This may not completely stop other companies from attempting similar antics, but it certainly changes the cost-benefit analysis.
That's a shame, because collusion of this sort is illegal, full stop. If our industry "complains" about it, and wins, this precedent sends a very clear message to companies - including, and perhaps especially, those in other industries - that wage-fixing pacts of this sort are not tolerated. This may not completely stop other companies from attempting similar antics, but it certainly changes the cost-benefit analysis.