1) You hire terribly and develop people terribly if it's that easy to hire people better than your current staff (you should fire yourself) 2) Your good people

1) You hire terribly and develop people terribly if it's that easy to hire people better than your current staff (you should fire yourself) 2) Your good people leave for more secure jobs with people that aren't misanthropes 3) Over time it tarnishes your reputation as a destination 4) Over even greater time, it stunts the development of your professional network. This is a pretty good Quora answer, all things considered.