Silicon Valley's Collusion on Wages

[le roi]

Originally Posted by pknopp

tech businesses are indeed rolling in money but it's because the government is providing it for them. The government making sure that companies profit in no way represents free markets.

please elaborate

[le roi]

Originally Posted by BentBow

In the old days the employee that was upset, started his/her own business to compete against his/her old boss.
Today that is not possible, as the regulatory cost along with taxes and startup fees paid to government, prevents the employee to compete with their old boss.

fees? what fees does a person have to pay the government to start a tech firm?

[beb0p]

Originally Posted by pknopp

Nothing about this has anything to do with free markets. This is your fault (I say "your" in the big picture sense). These tech businesses are indeed rolling in money but it's because the government is providing it for them. The government making sure that companies profit in no way represents free markets.

Where are the demands for the government to stop this? It is these companies clamoring for for cheap labor by allowing anyone who wants to come here come here but as you note, there is no shortage of people to work.

Shocking US jobs data impugns recovery, Fed tapering - Telegraph

The US economy has delivered two minor shocks in a week, prompting concerns that bond tapering by the Federal Reserve may be doing more damage than expected.

A small minority have been noting for years that this is what they end result would be.

Rush? Is that you?
.