Fake tech worker shortages

This ZeroHedge post is totally baseless: How To Land A Tech Job at Apple, Google and Facebook | ZeroHedge

There was a class action suit against Apple, Adobe, Google, Lucasfilm and several other companies alleging that these companies secretly agreed not to hire technical staff from each other so as to suppress the salaries of technical staff. If they bid against each other for key engineers, the engineers would be able to negotiate higher pay packages. What these companies all had in common was members of the board of directors.

Class Action Lawsuit Against Adobe, Apple, Google, Lucasfilm, Pixar, Intuit and Intel

So this was a conspiracy at the highest levels of Silicon Valley to suppress worker pay, which is a relative pittance compared to the revenues and profits of these companies.

Here is a news article summarizing the gist of the lawsuit:

Lawsuit accuses Apple, others of ‘conspiring’ to keep employee wages low

A new class-action lawsuit takes aim at Apple, Google, Intel and other tech companies for allegedly “conspiring to suppress compensation of their employees.”

The complaint was announced in a press release on Wednesday by the law firm Lief, Cabraser, Heimann & Bernstein. The suit was filed by Siddharth Hariharan, a former software engineer at Lucasfilm, one of the companies named in the suit. Other parties include Adobe, Intuit and Pixar.

“My colleagues at Lucasfilm and I applied our skills, knowledge, and creativity to make the company an industry leader,” Hariharan said. “It’s disappointing that, while we were working hard to make terrific products that resulted in enormous profits for Lucasfilm, senior executives of the company cut deals with other premiere high tech companies to eliminate competition and cap pay for skilled employees.””

These “tech worker shortage” articles are completely fraudulent. They pop up in general media and in industry news outlets regularly. It’s all a ruse to either generate support for bringing in foreign workers or to lure prospective students into these fields to increase the pool of candidates that companies have to choose from.

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