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Billionaires Of Silicon Valley Believe Support The Concept Of Free Market For Their Own Benefit

A recent published article by Mark Ammes can destroy the connection between the billionaires of Silicon Valley and their so-called libertarian worldview. The article is evolved round a case that charges against Google, Apple and several other companies of Silicon Valley to keep the wages of their labors very low. The article reveals the fact that there is no hike in the salary of labors since 2005 that lead the workers to file a court case against these companies that is expected to pay millions of dollars to the deprived workers as the lost wages.

It can be easily say that there are several layers of the case. The most important among them is that how the employers deprived their employees from suitable wages to gain more profit and become richer than ever. It is worth mentioning over here that rich people even break the law as oppressing and undermining the market is a serious legal issue of Silicon Valley. They come with a libertarian view that moves around the concept that in the world of immense competition where countless sellers and buyers are present in the market, it would be wrong to hope to create a huge impact among users.

Billionaires Of Silicon Valley Believe Support The Concept Of Free Market For Their Own Benefit

From this point of view, they argue in the court that it is wrong for government to interfere in their business of private sectors. They say in their favor that they deny increasing the labor cost as it will increase the cost of entire service and this is applicable in every field. They are of the opinion that government does not need to interfere in their dealings as workers have the right to claim their demand of greater wages and several other perks and benefits. The article considers that non-compete agreements of Silicon valley is not the concern of biggies on the way how market performs, but it is in reality the story that only publicizes to the enthusiast reporters.

It would not wrong to consider that the biggies of Silicon Valley are not liberations as their business success depend to a great extent on the patents and copyrights. Moth these patents and copyrights are contradiction of the free market and monopolies of the government granted. However, their concept of keeping the wages low is the violation of the libertarian concept. It is supposed that this violation is the outcome of the belief that there are not enough competitors in the market that can acquire their employees.