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No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

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31–40 of 109 posts

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#31
post #17
post #5

This really isn't that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0% interest rate years to prevent them from starting competitors then freezing hiring and laying off en masse once the interest rates started rising. They really should have to pay damages in the 6 to 7 figure range to each developer who's been looking for work in…

What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn't have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.

> If others want to compete they should offer something as compelling

Perhaps they cannot? Monopolies can apply to the purchase of labour, too. Indeed, the lack of viable competition, would be circumstantial evidence, to support the argument that there is a monopoly. Monopolies will sometimes overpay for labour in the same way they will undercharge for products - it can squeeze competitors out.

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#32
post #17

Earlier quoted context omitted.

What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn't have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.

https://www.cnet.com/tech/tech-industry/apple-google-others-... > Apple, Google, Intel, and Adobe will shell out $415 million to put to rest an antipoaching civil lawsuit that accused the companies of conspiring not to hire each other's employees. > Filed by former employees of the companies involved, the lawsuit shed a light on the practice of some major tech industry players of allegedly working together to agree n…

Which is pretty much the opposite of what the complaint upthread is making. The lawsuit you reference was basically about not "hoarding talent" by paying more money.

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#33
post #27

Apple censoring dissenntjng opinions is bad enough, imagine how bad it could get if the congress got its wish to be able to censor platforms altogether? He should have asked her opinion about that.

Which legislation are you referring to?

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#34
post #32

Earlier quoted context omitted.

https://www.cnet.com/tech/tech-industry/apple-google-others-... > Apple, Google, Intel, and Adobe will shell out $415 million to put to rest an antipoaching civil lawsuit that accused the companies of conspiring not to hire each other's employees. > Filed by former employees of the companies involved, the lawsuit shed a light on the practice of some major tech industry players of allegedly working together to agree n…

Which is pretty much the opposite of what the complaint upthread is making. The lawsuit you reference was basically about not "hoarding talent" by paying more money.

The post upthread didn't assert they hoarded talent by paying more.

They hoarded talent by conspiring to make it harder to leave, which had the bonus of not having to pay them as much.

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#35
post #17

Earlier quoted context omitted.

What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn't have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.

https://www.cnet.com/tech/tech-industry/apple-google-others-... > Apple, Google, Intel, and Adobe will shell out $415 million to put to rest an antipoaching civil lawsuit that accused the companies of conspiring not to hire each other's employees. > Filed by former employees of the companies involved, the lawsuit shed a light on the practice of some major tech industry players of allegedly working together to agree n…

Well known lawsuit from ten years ago is relevant to 2022-2024 how?

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#36
post #18

The interesting or perhaps scary question is how many times are news hosts told to drop a topic/story and they go along with it and the public never even knows a topic was dropped? It's worth asking how we can make our systems safer against large corporations shady influence.

> It's worth asking how we can make our systems safer against large corporations shady influence.

Just to be clear, this story is about Apple exerting editorial control over content that they paid for, not about them trying to influence the content on the Daily Show.

Anyone who's worked in media has stories of topics being suppressed by the owners, and that's definitely something that could stand to be more transparent, but this article isn't evidence of large corporations having any influence over unrelated media outlets.

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#37

Earlier quoted context omitted.

https://www.cnet.com/tech/tech-industry/apple-google-others-... > Apple, Google, Intel, and Adobe will shell out $415 million to put to rest an antipoaching civil lawsuit that accused the companies of conspiring not to hire each other's employees. > Filed by former employees of the companies involved, the lawsuit shed a light on the practice of some major tech industry players of allegedly working together to agree n…

Well known lawsuit from ten years ago is relevant to 2022-2024 how?

The post said "hoarding of talent during the 0% interest rate years". That would be right smack dab in the "ten years ago" spot.

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#38
post #17

Earlier quoted context omitted.

What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn't have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.

https://www.cnet.com/tech/tech-industry/apple-google-others-... > Apple, Google, Intel, and Adobe will shell out $415 million to put to rest an antipoaching civil lawsuit that accused the companies of conspiring not to hire each other's employees. > Filed by former employees of the companies involved, the lawsuit shed a light on the practice of some major tech industry players of allegedly working together to agree n…

The answer is pretty simple. Make those clauses unenforceable, as well as non compete clauses. You could do it relatively easily without new regulations and fines and all the bs associated with new anti big tech initiatives.

Overall I don't think it's a winning proposition for the companies involved. So if they want to have an internal rule that forbids them from hiring people, they're just shooting themselves in the foot and will suffer consequences and give up eventually or cheat since it's unenforceable

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#39
post #31
post #17

Earlier quoted context omitted.

What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn't have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.

> If others want to compete they should offer something as compelling Perhaps they cannot? Monopolies can apply to the purchase of labour, too. Indeed, the lack of viable competition, would be circumstantial evidence, to support the argument that there is a monopoly. Monopolies will sometimes overpay for labour in the same way they will undercharge for products - it can squeeze competitors out.

I've known plenty of people who left the big West Coast tech employers for elsewhere--possibly/probably for less money. Lots of reasons not to want to work for Google or Amazon.

Re: No joke: FTC boss goes on the Daily Show and is told Apple tried to block her

#40
post #17
post #5

This really isn't that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0% interest rate years to prevent them from starting competitors then freezing hiring and laying off en masse once the interest rates started rising. They really should have to pay damages in the 6 to 7 figure range to each developer who's been looking for work in…

What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn't have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.

>> This really isn't that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0% interest rate years to prevent them from starting competitors then freezing hiring and laying off en masse once the interest rates started rising.

> What is "hoarding of talent"? These are human beings and they have a right to work where they want. Let's be clear, apple "hoards" talent by offering them competitive pay and benefits.

The thing you're missing is that FAANG exploited short-term individual level incentives to create an environment that was more hostile to those individuals in the long term.

Sure, they may have gotten paid more for a little while, but where are they going to go when FAANG decides to dump them, because they didn't actually need them? The FAANG's actions inhibited the creation of those opportunities, because those opportunities competed with FAANG.

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