Why is it illegal for these companies to agree not to poach each other's employees?
California antitrust attorney Joseph Saveri discusses how agreeing not to hire away employees from other tech giant companies impacts the free market competition among single employees of these companies.
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One of the fundamental principles in our country is that the markets operate freely and that companies and people should compete with one another. That includes competing when they price a product, what they charge people, but also when they decide what they’re gonna pay people or pay suppliers for their products. And the case involves claims that really these companies got together and prevented the market from operating and drove down wages for these people, and that’s a serious problem and it affected people to a significant degree.