New data from the US Bureau of Labor Statistics released on Tuesday continued to show weakness in the American jobs market.The latest Job Openings and Labor Turnover Survey (JOLTS) shows that the number of new hires in February decreased to 4.8 million, which was roughly 400,000 fewer hires than wer...
Seems like it’d be on a completely different scale, don’t you think?
What happens if you lay off 5,000 employees but then your competitor goes, “lol sike, I’m keeping mine”? You can’t sue them!
Compare what happens if you don’t cold call Apple’s employees to poach them and they cold call yours - you can just start again, and only lost however many months of potential new hires.
What I took issue with is your argument that collusion between companies to lower wages was somehow unlikely when it’s already happened before. That doesn’t prove that it’s happening now, but it does disprove your argument that they wouldn’t collude or it’s extremely unlikely.