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Apple Google and Intel settle antitrust lawsuit

Posted: 26 Apr 2014, 19:56
by viking60
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Apple, Google, Intel and Adobe have made a deal to not recruit each others tech personal.

So the mutual interest of keeping the costs down would be secured.

There is another side to this though:
If the tech personal cannot switch jobs between the only really possible companies they are kept down by other forces than demand for their services.
"If you want it you have to pay what it costs" - that is how the market works. That part of the market was not to popular when it came to compensating their personal.
It is generally accepted when selling the products though...

Naturally the tech workers have lost potential income over this. So the tech workers filed a class action lawsuit to make the companies compensate them for keeping them down.

Apple, Google ++ agreed to pay $324 million to settle the conspiracy lawsuit. The potential risk was far greater with the strict American antitrust laws if they had chosen to fight in court. Although they argued that the employees should not be allowed to sue:
The companies had acknowledged entering into some no-hire agreements but disputed the allegation that they had conspired to drive down wages. Moreover, they argued that the employees should not be allowed to sue as a group.


No wonder they settled that one - they would have lost with flying colors. If you artificially reduce the market for tech workers; the prices go down, that is how it works and no one knows that better than Apple and Google....

More here