What's wrong with employers determining how much they are willing to pay their employees? If it's too low, then employees will go elsewhere. If there's no where else to go for more money then the employer has probably determined the correct amount. Market conditions.
[This message has been edited by Sourmug (edited 03-24-2014).]
What's wrong with employers determining how much they are willing to pay their employees? If it's too low, then employees will go elsewhere. If there's no where else to go for more money then the employer has probably determined the correct amount. Market conditions.
While that's a novel idea, why is it OK to cap the little guys in a companies ranks and not the CEOs?
And no they can't just go someplace else if they are all involved in the same pay fixing/cap and refusal to offer employees of another company a higher pay.
Did anyone actually read the article?
Steve
------------------ Technology is great when it works, and one big pain in the ass when it doesn't
Detroit iron rules all the rest are just toys.
[This message has been edited by 84fiero123 (edited 03-25-2014).]
What's wrong with employers determining how much they are willing to pay their employees? If it's too low, then employees will go elsewhere. If there's no where else to go for more money then the employer has probably determined the correct amount. Market conditions.
Agreed. The problem here was the companies working together to keep the market low. Sort of like gas companies making sure everybody charges about the same for gas.
Many engineering companies in Calgary have an understanding not to actively "poach" employees from each other because it drives up the wages and costs across the board for all the companies. While not price fixing per se, they do try to keep wages from spiraling into the stratosphere resulting from a "bidding war" for people. However, there is still the freedom for someone like me to seek better opportunitie$ elsewhere. All they have to do is put the word out that they're looking for people.
What's wrong with employers determining how much they are willing to pay their employees? If it's too low, then employees will go elsewhere. If there's no where else to go for more money then the employer has probably determined the correct amount. Market conditions.
I would think the purposed problem means it is not a proper open market.
[This message has been edited by 2.5 (edited 03-25-2014).]
It sort of funny to me that an email trail exposed this from the likes of these companies.
"“I would prefer that Omid do it verbally since I don’t want to create a paper trail over which we can be sued later? Not sure about this.. thanks Eric”
[This message has been edited by 2.5 (edited 03-25-2014).]
At least Steve read the article. Some of you missed the real point. The agreement didn't set wages. It stated that these companies wouldn't poach employees from one another. They would not call you up for a job you were uniquely qualified for, and probably get, if you worked for someone on "the list".
In some cases, even if YOU APPLIED to them, they not only would discard your application, but call your boss and inform him you were looking!
Does that sound like a fair environment where you could just go somewhere else if you don't like it where you are? They cut off all upward opportunities. Some employers couldn't leave without taking a step down, and you'd never know why.
