Tech Giants Keeping Wages Down....All Part Of Capitalism

Wages in the United States have not risen in decades while at the same time corporate profits have broken all time records. We are told Capitalism is about free and open markets. We are told those markets will set everything (wages and prices) accordingly. CEO’s love to talk about how unfettered capitalism is the perfect system and the government needs to stay out of it.

BUT what those CEO’s always fail to mention is how their collusion and the manipulation is what is really setting the markets. In reality free and open markets is just a magical place where unicorns roam free surrounded by bright colorful rainbows. It is not an actual place you find in the real world.

See when high tech workers at Apple wanted Steve Jobs to pay more money they took their resume over to Google. Google would be so impressed they offered suitcases full of additional money. This money would help steal away the valuable employees. This meant rising wages for all workers and was an actual representation of how it is supposed to work in a real free market. Good stuff!

But the CEO’s didn’t like the real free market. Despite all the lip service they were not pleased at all. So they got together and agreed not to hire each others workers. Suddenly the high tech workers couldn’t get new jobs and their wages stopped rising. This was great for CEO’s and terrible for workers. Oh and It is also illegal. That is why 64,000 workers sued Apple, Google, Intel and Adobe and are now being offered 415 million bucks. 415 million bucks to a company like Apple is equivalent to you finding a nickel on the floor of your car. I mean really….It is nothing. Personally I wouldn’t settle for that amount but unfortunately they have yet to ask my opinion. When they do……

http://www.nytimes.com/…/silicon-valley-antitrust-case-sett…