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All you propose measuring is the individual benefit to sitting through training. That's a terrible way to measure the social cost of a bad regulation. The soci
by yummyfajitas 11y ago
All you propose measuring is the individual benefit to sitting through training. That's a terrible way to measure the social cost of a bad regulation.
The social cost is 52 hours of productive output from moderately skilled employees. (Or moderately less - if learning the material takes 20 hours, then the waste is 32 hours assuming people can simultaneously learn the material and click.)
The right thing to do is simply make people take the test, and if the test isn't accurately measuring people's insurance selling ability, fix the test.
- maxerickson 11y agoYeah, I agree it isn't a particularly useful measure. But it was mostly aimed at evaluating whether the regulation in question is perilous or not. Of course a problem with bad regulation is that can have an enormous aggregate effect, but in this case I think we can reasonably assume that Zenefits didn't need to encourage employees to avoid this regulation in order to grow itself rapidly.
- st3v3r 11y agoAnd what's the social cost of unlicensed, untrained people selling insurance? What's the societal cost of people who have not studied selling insurance that they might not understand?
- yummyfajitas 11y agoI don't see a very high social cost from licensed insurance salespeople who passed the exam selling insurance. Do you? If so, what is it? Again, note that we are discussing spending 52 hours clicking through a powerpoint before you are allowed to take the test to get the license.
- st3v3r 11y ago"I don't see a very high social cost from licensed insurance salespeople who passed the exam selling insurance. Do you? If so, what is it?" How do you know that they passed the exam? They told you? "Again, note that we are discussing spending 52 hours clicking through a powerpoint before you are allowed to take the test to get the license." No, we are not.
- yummyfajitas 11y agoAll anyone has accused Zenefits of doing is using a macro to prevent people from being auto-logged out of training. E.g.: http://www.buzzfeed.com/williamalden/zenefits-program-let-insurance-brokers-fake-training#.qmexedRMl http://www.buzzfeed.com/williamalden/zenefits-program-let-in... The Macro functioned to keep a person logged into the course and prevented the person from being logged out for inactivity. The Macro did not advance through the required material or quizzes in the education course — the Macro only kept the person logged in. The Macro only pertained to the prelicensing education course and did not affect the broker exam taken later. If you have even accusations of some other activity (let alone evidence of it), go ahead and post it.
- manigandham 11y agoHave you not read any of the articles? The cheating on the time is just one issue. They had unlicensed brokers selling insurance in two states, which is an actual crime.