[ritchiea]

That's ridiculous. It's a resemblance in name only. The format is actually a tremendous shift of power towards the employee and the developer gets a portion of the total recruitment fee.

And obviously no one is literally auctioned off, employees and employers both have a say in the matter.

Also what slaves got auctioned off to make six figures in loft offices of hip cities?

[waterlesscloud]

The name remains awful, but they seem committed to stick with it. For better or worse.