Just brainstorming here, but I wonder if one could build a market around betting on the success (but never the failure) of the hard-to-employ. Let's say I know a recovering addict who would be a good worker but employers disagree. . .
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and trust. Like any other kind of investment, you'd want to have an easy way to diversify risk. So instead of betting on any one hard-to-employ person, perhaps there would be curated groups as well.
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The whole thing could be managed through an app. One can also imagine part of the investment strategy is to provide your group of hard-to-employ people with great advice, mental health care and addiction support, for example. Government wouldn't be involved.
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This is another example of the Golden Age, which I define as a time in which society does not have shortages of critical goods and services so much as it has a need for new and better systems.
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Problem is going to be civil liability, the fear of being liable for crimes committed after hiring. Can you bond against that? Otherwise, employers would be more eager to hire the marginalized.
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That's kind of what government does when they pay companies to hire people with disabilities, etc. Hire so-and-so and you get a subsidy even if the person doesn't work out. A nice idea if it happened on a personal basis.
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The damage from one bad employee can be intangible and catastrophic, so the bond price may be astronomical. But investing is just getting paid to take risks, there would be takers for sure.
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I think that college athletes could be paid in a similar way where agents or teams pay the kids (risking their own money). It would move the risk of being injured or flaming out from the athlete to others willing to invest.
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Incidentally, this could be a new market for the bail bond industry which is taking a big hit on bail reform lately.
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The surety bond premium amount would be interesting. My guess is your headhunter fee would have to be so high to cover the premium the employer would see the cost/benefit too risky.
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