> It has the effect of reducing the number of applicants by 14% (if you believe the study) only if at market rate or higher. Most startups are paying the lower

> It has the effect of reducing the number of applicants by 14% (if you believe the study) only if at market rate or higher. Most startups are paying the lower end of market rate to below market rate salaries and compensating more with equity, so it's not necessarily irrational on the part of the startups. > But for startups and venture funded, high growth companies to be unaware after two years is not cool There are a million more important things to worry about at most startups than being in regulatory compliance with every silly law. I would venture to guess that the more a startup is in regulatory compliance with every little thing the less likely it is to succeed.