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I am sure this has been mentioned to death. But I always find this contradictory. Companies cannot be soley profit driven if at same time they artifically reduc

I am sure this has been mentioned to death. But I always find this contradictory. Companies cannot be soley profit driven if at same time they artifically reducing supply of eligable candidates. That makes no business sense. So if companies are rejecting someone that means as whole (read net), they are expecting more bang for the buck.

sopooneo 10y ago
Companies sell their employees to their investors. Pedigree and similarity sells.
ch4s3 10y ago
Companies aren't magic market machines, they're run by fallible people who make lazy "gut" decisions all the time.
- meanduck 10y ago
  And Oracle would be near bottom in such list. Oracle hire Indians because its cheaper not because of some altruism. At least until Indian Govt makes it artifically expensive.
  - sokoloff 10y ago
    I don't see any practical way for the Indian government to do that that doesn't hurt their citizens and country.
- deleted 10y ago
  [deleted]
rifung 10y ago
It's not as though the company is purposely discriminating though. People naturally discriminate and it takes conscious effort to stop yourself from doing so. At least that's what I was told at the talk about diversity and inclusion during my orientation at one of those big tech companies. Apparently it's because we benefited from being able to make quick judgments before civilized society was a thing.
marklgr 10y ago
> Companies cannot be soley profit driven if at same time they artifically reducing supply of eligable candidates. If there is a strong shortage of supply, you can be sure a lot of people will get over their prejudice -- but in labor markets, there often tend to be more offer than demand, so companies can choose whoever they want, without hurting the business whatsoever.
ryandamm 10y ago
Illiquid markets, stable equilibria (that are not at global minima), and irrational decision making. Unless your model accounts for such things, it's too simplified. Particularly when it comes to human factors. And if your model is that deficient, it's not really providing useful insights. Modeling complex phenomena well is tough. But you need to have enough humility to understand when your toy model might be deceiving you. If the shoe fits....
- meanduck 10y ago
  No one will give the amount of invasive data needed to verify a model. So we will never know which model works.

sopooneo 10y ago

Companies sell their employees to their investors. Pedigree and similarity sells.

ch4s3 10y ago

Companies aren't magic market machines, they're run by fallible people who make lazy "gut" decisions all the time.

meanduck 10y ago
And Oracle would be near bottom in such list. Oracle hire Indians because its cheaper not because of some altruism. At least until Indian Govt makes it artifically expensive.
- sokoloff 10y ago
  I don't see any practical way for the Indian government to do that that doesn't hurt their citizens and country.
deleted 10y ago
[deleted]

rifung 10y ago

It's not as though the company is purposely discriminating though. People naturally discriminate and it takes conscious effort to stop yourself from doing so. At least that's what I was told at the talk about diversity and inclusion during my orientation at one of those big tech companies. Apparently it's because we benefited from being able to make quick judgments before civilized society was a thing.

marklgr 10y ago

> Companies cannot be soley profit driven if at same time they artifically reducing supply of eligable candidates. If there is a strong shortage of supply, you can be sure a lot of people will get over their prejudice -- but in labor markets, there often tend to be more offer than demand, so companies can choose whoever they want, without hurting the business whatsoever.

ryandamm 10y ago

Illiquid markets, stable equilibria (that are not at global minima), and irrational decision making. Unless your model accounts for such things, it's too simplified. Particularly when it comes to human factors. And if your model is that deficient, it's not really providing useful insights. Modeling complex phenomena well is tough. But you need to have enough humility to understand when your toy model might be deceiving you. If the shoe fits....

meanduck 10y ago
No one will give the amount of invasive data needed to verify a model. So we will never know which model works.