Squilliam on 04 June 2009
You do realise, I hope, that monopolistic practices can be bad for economic welfare and market efficiency? In this case the bad practices are in their hiring practices which prevent a transfer of knowledge and experience between companies in the technology sector and interferes with the free market of labour supply? If people knew that they could be hired by no other technology company, Google etc could be able to drive down wages with their market power.
Tease.
