salto mortale

Tuesday, December 11, 2007

ANTIDISCRIMINATION BONDS

What an odd idea:

It works this way: Employers would offer the "bond" to prospective employees, who would pay an annual premium and earn interest the company would match on their investments. If the employees never sue the employer, they get the principal, interest and employer contributions back about six months after leaving the company to coincide with the period within which they could file suit. If they do sue, they forgo their investment. The bond is priced such that theoretically, job applicants with litigation in the back of their minds would opt not to purchase it, and the employer wouldn't hire them.

It's actually quite a brilliant idea. By shifting costs to the employee, this could be much easier and more economical than actually curtailing overt discrimination in your company. Shareholders love that shit.

Should these become widespread, I fear that they would soon be referred to as "the ironically named 'antidiscrimination bonds'".



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