Contracts with end-of-term bonuses and clawbacks of salary, and universal non-compete agreements with large-ish timelines.
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Wouldn't rational employees avoid employers offering such terms? They have so much more power.
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Is this an electoral politics parable?
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Err I hope not
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I don't think it could function let alone evolve, employees have so much more leverage than the employer.
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A time of employment based insurance /credit will surely emerge
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Is that a rhetorical question? Probably would look a lot like the market your readers are engaged in.
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It’s a theoretical economics question. I’m trying to understand incentives for long-term employment.
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Also staffing firms that play this time arbitrage
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- Credible promise of significant future payout. Sunk cost fallacy cuts both ways. - Emergent non-compete without actual collusion. Zaibatsus don't hire mercenaries.
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- Encourage company-based social networking, beyond-work support, increase the cost of switching beyond $$
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