Saturday, March 22, 2014

A Claude Rains moment....



As the man said in Casablanca I'm shocked:







Revealed: Apple and Google’s wage-fixing cartel involved dozens more companies, over one million employees | PandoDaily



Apparently there is some legal action on going about this issue, which may have some effect on this behavior.  However, I doubt that anything will stop this.



For those who believe that the "knowledge" economy is a different economy, Surprise!  Over the last ten years of "a shortage of tech workers", I have not seen an escalation in pay.



Actually, there is one difference.  Because of their status and prestige issues, it will be hard for these workers to form institutions for protection (e.g. unions).





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