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The Job Market's Information Problem
- stealthystew 12y agoThis resonated with me a lot. It's so true when he says, "there’s no updated central repository of truth. In addition, accurate information is hard to obtain, because both employers and applicants are incentivized to lie" I wish there was a system that connects people and employers in such a way that the hiring (and applying) process is more transparent. It doesn't seem like this industry has really changed much over time, and I'd really like to see "software eat HR" sometime soon. #marcandreesen
- fsk 12y agoWhat happens when the centralized repository incorrectly says someone is unqualified? They never find a job again? It would be the same problem as now, just different. And when the centralized repository says someone is brilliant? If you find a great employee, why would you disclose that so others can poach him?
- vonnik 12y agoYou put your finger on it. The stakes are really high, and a lot of people and companies benefit from a lack of clarity.
- vonnik 12y agoMachine and deep learning, which are essentially information processing/filtering/classification, have the potential to transform the job market. There are startups actively working on reading less explicit signals to flag good matches between applicants and employers.