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There's an incentive problem because the benefit from training new workers is distributed across all companies whereas the cost of training them is allocated to
by baobabKoodaa 2y ago
There's an incentive problem because the benefit from training new workers is distributed across all companies whereas the cost of training them is allocated to the single company that does so
- newsclues 2y agoMost broken systems have bad incentives. Companies don’t want to train people ($) because employees with skills and experience are more valuable to other companies because retention is also expensive. We are not training AND retaining talent.