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Squilliam said:

The reason why what they are doing is a bad thing is this. If they reduce worker mobility they can afford to pay them less...

But that's just it, they are not reducing worker mobility. The worker still has all the freedom he/she wants, it's just that the companies are not going to send job offers out unsolicited to workers of other companies.

I used to be a consultant. After 12 years of it, I got tired of moving around, so I requested full time employment with the company i was contracted with. That was legal. It would have been against the law however, for the company I was working for to offer me a position unsolicited.

I see it the same here. The worker still has all the power, thus the employer still has to pay him the same. Where these companies get a "win", is they get to keep more of there corporate knowledge in-house, with less risk of intellectual property being stolen.

That's a small thing to worry about in todays times, if you ask me.