Many of the largest tech firms in the US made "no-poaching" agreements 🤝 (colluding to not hire each other's employees). Evidence indicates that such collusion reduced salaries 💵 at colluding firms by 5.6%, as well as negatively affected stock bonuses 📉 and job satisfaction 😟.
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#TechIndustry #NoPoaching #EmployeeRights #SalaryTransparency #JobSatisfaction
Read Full Article
#TechIndustry #NoPoaching #EmployeeRights #SalaryTransparency #JobSatisfaction
OUP Academic
Employer Market Power in Silicon Valley
Abstract. Adam Smith alleged that employers often secretly combine to reduce labour earnings. This paper examines an important case of such behaviour: no-p
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