Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

People tend to forget that Silicon Valley tech firms used to collude to keep wages down by agreeing not to try to poach employees: https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L.... Of course, SV engineers were already paid well at the time, but nothing like it is now.

Facebook played a big role in messing up the scheme by refusing to collude and aggressively going after Google's employees (https://techcrunch.com/2014/03/24/sheryl-sandberg-facebook-r...). They started doing this in 2008, years before any antitrust action from the government.

Basically, Europe needs a rocketship tech company, flush with cash and trying to hire away everyone's engineers.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: