4 ms·
You raise a very good point. To be clear, I don't think the problem will solve itself, the key bit is awareness of the problem, which gives the necessary infor
by dasil003 11y ago
You raise a very good point. To be clear, I don't think the problem will solve itself, the key bit is awareness of the problem, which gives the necessary information for the market to correct itself, at least partially.
Here's how I think this could possibly play out: Facebook and Google start paying 21-year-old kids $200k directly out of school, startups start paying ridiculous unsustainable salaries based on VC salaries. Savvy founders and hiring managers at other companies realize they can't economically compete for 25-year-old golden boy talent and start looking at other demographics to find the talent. Over time those savvy companies will thrive while the others are crushed by having to pay for inferior talent at inflated prices with bubble-time VC funds.
Obviously this only works if people realize that older and minority talent is getting unduly passed over. And also I don't know how strong this effect will be or whether the existing tidal wave of bias is too overwhelming for such an anti-trend to even register in the marketplace. Whether or not this would even constitute justice goes beyond my thesis (I believe in ethical business, but justice is quite a tall order).
Nevertheless, as a hiring manager, I see any market bias that I am aware of as a competitive advantage to me, and I'm convinced that effect is real no matter how small.
- Futurebot 11y agoYes, individual companies can use some of this type of information to hire high-quality underrated/underutilized potential employees; older people, people with no degree, people from non-elite schools, etc. that get passed over may make fantastic hires that others miss. There's definitely room for "moneyballing", and savvy companies would be wise to attempt to use this in their hiring calculus. Broad correction, though, seems unlikely to happen, whether attempts are done via the market or via legislation.