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Sorry, but I've troubles following your argument in this case. What you are basically calling for is one or more certification authorities that certify that per
by LukaAl 11y ago
Sorry, but I've troubles following your argument in this case. What you are basically calling for is one or more certification authorities that certify that person A is capable of performing a certain task. Am I right? This would replace required license. The difference is basically that licenses are mandatory, certifications are optional, and that (but I infer this from your Friedman's quote) certification authorities could compete.
If this is your point, sorry but your argument doesn't follow. There's nothing against the certification authority requiring 52 hours of training. And there's nothing against Zenefits cheating if they believe a certified expert is better than an uncertified one (and this is the argument underlying Mr. Friedman discussion).
Certification vs. Licensing is a complex discussion topic, I tend to prefer certifications over licensing, but this is definitively not the point with Zenefits.
- jmckib 11y agoHa, maybe I just used this as an opportunity to complain about licensure; it's true that if Zenefits had cheated in order to get a certification it would still be illegal, and Zenefits would still have had a (smaller) incentive to do so. On the other hand, Zenefits might not have bothered with certification since it wouldn't have been legally required, or the requirements might have been less silly if certified professionals had to compete with non-certified.
- LukaAl 11y ago> On the other hand, Zenefits might not have bothered with certification since it wouldn't have been legally required, or the requirements might have been less silly if certified professionals had to compete with non-certified. You have to prove this. Also, you have to consider a problem in the way the market works. Insurance brokers are paid by insurance companies through referral fees, not by the final user. If you know something about economy, this should ring a bell: "moral hazard." Or we change the way the market works, but there could be unintended consequences or external regulation is required to ensure the market is fair.