Externalizing costs is a great short term strategy, for startups. We really should regulate any company over a certain size to force them to pay for their externalities but we all know they won’t happen. I’m sure this won’t have any lasting consequences or lead to the collapse of any economies.
In the UK they do have to pay a levy to fund apprenticeships, then they can claim money back to pay for apprenticeships. They also give preference in contracts to companies who hire apprentices.
It’s been very successful. Huge companies, including tech companies, will hire swathes of young people to fill apprentice slots.
Externalizing costs is a great short term strategy, for startups. We really should regulate any company over a certain size to force them to pay for their externalities but we all know they won’t happen. I’m sure this won’t have any lasting consequences or lead to the collapse of any economies.