Discussion about this post

User's avatar
Overcoming Bias Commenter's avatar

the singapore government already does something like this with its pre-college employment contracts that bind students to a six-year post-college civil service/state enterprise career: it is betting on future accomplishments based on current ones. Their success at picking winners has been somewhat mixed depending on who you talk to, partly due to inherent incentive problems.

Expand full comment
Overcoming Bias Commenter's avatar

Re: regulatory reasons, I suspect that selling shares of your future income would have enforceability problems. If nothing else, a lot of voters would view that as deeply offensive and "exploitative", and thus ban it. (Incidentally, why don't governments issue equity in addition to debt?)

If it could work, that would have the added benefit of a derivatives market in labor, which would allow you profit from knowledge of future changes in wages, or to hedge against your labor's loss of value.

Expand full comment
5 more comments...

No posts