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> while increasing the quality of those left.

Debatable. Willingness to put effort into a job application is not necessarily a good proxy for candidate quality. Indeed I would expect that the most desirable candidates can put the least effort in whereas those who are most willing to put up with crap are those with the fewest alternatives. I suppose for certain management structures someone having no better options could be seen as a plus - they'll stick around longer, put up with abuse, probably work for lower pay and less frequent raises - but I feel like they would still do better with appropriately skilled and compensated employees.




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