mrxd
Joined 14 years ago
Joined 14 years ago
This translates into other parts of the economy. High income households experience high income volatility, consistent with the hypothesis that there is lots of competition at the highest levels of success—not very little competition.
But outside of that, a hiring decision made based on a personal relationship is considered cronyism. It isn’t always illegal, but most HR departments go out of their way to prevent it.
“It’s not what you know, it’s who you know” is terrible career advice in general. It can be incredibly seductive because it promises people an advantage over competition. But it’s wrong. It’s a waste of time and in my experience, the people who follow it tend to interview poorly because they come off as arrogant and complacent.
Increased funding for mental health services seems like a poor solution.
Are you suggesting that Apple and Facebook normally have these kinds of discussions in public? Because that is not at all the case.
Possibly there is something nefarious going on here. But the fact these talks were secret means nothing, since all talks between companies are secret by default.