So, if the unions conspire to limit wages, it's in the interest of all workers, but if the companies do the same, it must be made illegal.
Particularly interesting is the contrast between this paragraph...
"Today's inequality crisis is America's worst on record since statistics were first recorded a hundred years ago — the only comparison would be to the era of the railroad tycoons in the late 19th century."
... and this one:
"Google, like the others, used a "salary algorithm" to ensure salaries remained within a tight band across like jobs. Although tech companies like to claim that talent and hard work are rewarded, in private, Google's "People Ops" department kept overall compensation essentially equitable by making sure that lower-paid employees who performed well got higher salary increases than higher-paid employees who also performed well."
So, more equality would be better, except when it's worse.
Those poor exploited tech workers with their six figure salaries, not being able to freely choose between working at those Fortune 500 companies at ever-more astronomical wages. The government absolutely must step in to protect them!
Until the cartel grows ever more greedy and decides you're best employed in a company town where all of your wage goes straight back into the owner's pocket.
Then you're a slave in all but name.
Is this the future you want for your children?
Who says I am (or need to be) an employee? All you slaves can go work for me instead, I'll pay you an extra nickel. I'll sell your labor right back to those companies you just left, those old robber barons couldn't write an SQL statement if their wealth depended on it!
And there's nothing that could stop me... except government regulation.
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[ 3.0 ms ] story [ 23.2 ms ] threadParticularly interesting is the contrast between this paragraph...
"Today's inequality crisis is America's worst on record since statistics were first recorded a hundred years ago — the only comparison would be to the era of the railroad tycoons in the late 19th century."
... and this one:
"Google, like the others, used a "salary algorithm" to ensure salaries remained within a tight band across like jobs. Although tech companies like to claim that talent and hard work are rewarded, in private, Google's "People Ops" department kept overall compensation essentially equitable by making sure that lower-paid employees who performed well got higher salary increases than higher-paid employees who also performed well."
So, more equality would be better, except when it's worse.
Those poor exploited tech workers with their six figure salaries, not being able to freely choose between working at those Fortune 500 companies at ever-more astronomical wages. The government absolutely must step in to protect them!
And there's nothing that could stop me... except government regulation.