The settlement is laughable given the number of people whose salaries were held down as a result of this collusion. It's not just workers at these companies that suffer. It has a network effect of holding salaries down at companies which aren't even colluding. Another example of (usually giant) companies deciding to risk breaking the law because its cheaper in the long run to do so.
It was a long time ago. I got a raise out of it and later retired early, and I'm a pretty average software engineer, for Google anyway. Your argument that I "suffered" when actually they treated me very well by almost any standard isn't going to work. Based on what I've heard about current salaries for in-demand people, I think it's safe to say that any depressing effect on software engineers' salaries is long gone?…
How Apple, Google, and other tech companies conspired against their own workers
71–80 of 289 posts
Re: How Apple, Google, and other tech companies conspired against their own workers
#72Earlier quoted context omitted.
With something as complex as employment decisions, there could be a lot of confounding factors. Example: What if A and B are located somewhere more desirable? There may naturally be a desire to stay where you are and less impetus to move. A and B might be in a class of company which confers more prestige, so there would be less impetus to move. A and B might entail more risk somehow. There are many of these. Using bu…
It's not determinative, but it shows who to investigate.
https://www.youtube.com/watch?v=it0EYBBl5LI
I think, in the case of Apple and Facebook, there's more than bulk statistics, anyways. The focus should be on that evidence, not such crude measures.
Re: How Apple, Google, and other tech companies conspired against their own workers
#73The settlement is laughable given the number of people whose salaries were held down as a result of this collusion. It's not just workers at these companies that suffer. It has a network effect of holding salaries down at companies which aren't even colluding. Another example of (usually giant) companies deciding to risk breaking the law because its cheaper in the long run to do so.
It was a long time ago. I got a raise out of it and later retired early, and I'm a pretty average software engineer, for Google anyway. Your argument that I "suffered" when actually they treated me very well by almost any standard isn't going to work. Based on what I've heard about current salaries for in-demand people, I think it's safe to say that any depressing effect on software engineers' salaries is long gone?…
These are not in any way, shape or form arguments or defences for these practices.
Re: How Apple, Google, and other tech companies conspired against their own workers
#74Earlier quoted context omitted.
It has been shown repeatedly that boards won't do much and repeated fines are more and more just another cost of business. Either the fines need to be raised to a level where the company loses profit for one or more years or we need to go after individuals.
Don’t bother to fine them. They’ll just use that to punish employees and shareholders. Make the executives liable.
Re: How Apple, Google, and other tech companies conspired against their own workers
#75Can any member of the class lawsuit here comment on the settlement? How did that work out for you?
After what seemed like a really long time - at least a year - I received a check for about $5000, which I had to pay taxes on, so it ended up being around $3000 net. I had left the company by that time, but still owned a substantial amount of stock, so I wouldn't be surprised if I ended up losing more from the negative impact on the stock price than I got in the settlement.
The people who really came out ahead in this were the lawyers, who took something like 25% of the settlement for themselves.
Re: How Apple, Google, and other tech companies conspired against their own workers
#76So while this is bad... I don't know how to feel about this. The other side of the coin is that these companies pay WAY ABOVE average salaries. I'm intimately familiar with this having FAANG companies average of 50% more compensation than average. Especially outside of the bay area. Typical range TC Sr. SDE in nyc: 150-250k + Bonus. Typical range TC for Sr. SDE in nyc: for Google/Facebook/Amazon 300-400k ( and goes h…
This argument is very weak IMO. Paraphrased “I got paid happily, industry collusion to suppress wages is therefore OK”
Re: How Apple, Google, and other tech companies conspired against their own workers
#77Re: How Apple, Google, and other tech companies conspired against their own workers
#78Earlier quoted context omitted.
It was a long time ago. I got a raise out of it and later retired early, and I'm a pretty average software engineer, for Google anyway. Your argument that I "suffered" when actually they treated me very well by almost any standard isn't going to work. Based on what I've heard about current salaries for in-demand people, I think it's safe to say that any depressing effect on software engineers' salaries is long gone?…
This reads like Stockholm Syndrome at its finest. You're OK with them paying you less because you still got paid well by some standard? You (and as a result many other people) would be making more both in the past and today if they hadn't colluded. For at least some subset of those affected by this collusion the salary lost will make a significant difference in their families' and their own quality of life either now…
Re: How Apple, Google, and other tech companies conspired against their own workers
#79Notice the difference: " Top executives of leading tech companies secretly agreed among themselves not to hire each other’s employees" "...brought charges against the companies " They should have been indicting both, or just the executives for their explicit role in this criminal behavior. I really detest the lack of individual accountability in all these cases when we deal with large companies. If this was a couple…
I agree, there is far too much ability to transfer liability in the modern world which lets this sort of stuff get abstract and easier to dismiss. Companies should be held accountable to the extent their growth has encouraged bad behavior, but individuals at that company committed the behavior and, if they were instructed to do so and blindly followed then... 1. "Just following orders" isn't now and has never been a…
Edit: They made a minor settlement and there was a lawsuit that got a tiny amount of press.
http://time.com/42322/steve-jobs-chilling-response-after-get...
Edit 2: there was not even a slap on the wrist legally speaking:
"The proposed settlement, which if accepted by the court will be in effect for five years, prohibits the companies from engaging in anticompetitive no solicitation agreements. "
Re: How Apple, Google, and other tech companies conspired against their own workers
#80So while this is bad... I don't know how to feel about this. The other side of the coin is that these companies pay WAY ABOVE average salaries. I'm intimately familiar with this having FAANG companies average of 50% more compensation than average. Especially outside of the bay area. Typical range TC Sr. SDE in nyc: 150-250k + Bonus. Typical range TC for Sr. SDE in nyc: for Google/Facebook/Amazon 300-400k ( and goes h…
> So while this is bad... I don't know how to feel about this. Just to be clear: you are saying it's possibly ok for a cartel of billionaires to collude to suppress wages for a bunch of people making six figures? Because those employees have it "pretty good" and should be happy with what they're given, even though they are working to build world-historical fortunes and power for the business owners?