I think that the skillset required to quickly get hired does not necessarily overlap with the set of skills required to be an effective worker when on the job. Furthermore, I think one’s ability to learn how to find a job may not correlate particularly well with one’s ability to perform while on the job. As a result, I believe that in an environment where the job search is intense, the people who get hired might not be the people who should be hired if your goal was to more effectively allocate labor.
Still, if “getting hired quickly” and “will do a good job” are strongly correlated, then a more competitive hiring process will lead to a more efficient allocation of labor, leading to a stronger economy. I don’t think this would full employment unless the gains created by more efficiently allocating labor are large. If these conditions are empirically met, then we agree that more effective job seeking could in principle lead to full employment.
I think that the skillset required to quickly get hired does not necessarily overlap with the set of skills required to be an effective worker when on the job. Furthermore, I think one’s ability to learn how to find a job may not correlate particularly well with one’s ability to perform while on the job. As a result, I believe that in an environment where the job search is intense, the people who get hired might not be the people who should be hired if your goal was to more effectively allocate labor.
Still, if “getting hired quickly” and “will do a good job” are strongly correlated, then a more competitive hiring process will lead to a more efficient allocation of labor, leading to a stronger economy. I don’t think this would full employment unless the gains created by more efficiently allocating labor are large. If these conditions are empirically met, then we agree that more effective job seeking could in principle lead to full employment.