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Old 05-06-2019, 08:20 AM
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Default Re: How Silicon Valley CEOs conspired to drive down 100,000 tech engineers' wages

Quote:
Originally Posted by mr wonder View Post
yes, you mean "the system" as in the gov't being a watchdog, not the market.
Since the market (raw unchecked capitalism) didn't self correct here.
And sadly this is just one example of where corporations have been exposed and condemned for this type of thing. it's an ongoing problem.



Churchill has a quote about Democracy that IMO can be adapted to Capitalism.
“Democracy is the worst form of government, except for all the others.”
....Capitalism is the worst form of economics, except for all the others.
The link doesn't say how the situation came to light, but chances are, it was an employee(s) who brought it to the DOL's attention.

The government is not smart enough to find these on their own, believe me on that. It's why they encourage whistle-blowing. And, unfortunately, sometimes it's just a disgruntled employee, out to make life difficult for an employer or ex-employer.

Since the employees held down are getting a roaring couple of though, one has to wonder where the rest of the settlement is going. Like most situations, the government takes their cut, which considering the man hours involved, they do need to get paid, but once again, to the detriment of the victims.
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