It's definitely broken. It doesn't help that a lot of the cost of hiring is born in externalities - it's difficult to measure the cost of the time spent screeni

It's definitely broken. It doesn't help that a lot of the cost of hiring is born in externalities - it's difficult to measure the cost of the time spent screening and interviewing and thinking about prospects, or the cost of the extra 15 or 30 or 60 minutes of Googling/reading the codebase/chasing bad ideas that the rest of the team has to do to replace having that knowledge sitting next to them in the form of a person, or the technical debt accrued when the next thing you build is implemented in a slightly worse form than it could be.