Question 7: Is the Job Market a Market Failure?

Job searching used to feel like a transaction: effort in, opportunity out. Now it often feels like shouting into a void. In this episode, Josh argues that hiring isn’t just dysfunctional—it’s starting to resemble a classic market failure, where companies absorb almost no cost for bad behavior while candidates absorb all of it. He breaks down how ghost jobs, opaque AI screening, and endless silence create a system built on information asymmetry and misaligned incentives. And then, a rare twist: Ontario, Canada introduces a new law that forces employers to disclose salary ranges, admit when AI is used, confirm whether a job is actually vacant, and stop ghosting candidates—or face serious fines. It’s a reminder that when the market won’t fix itself, something else has to.About The Job Market Sh*t ShowThe Job Market Sh*t Show: How AI Broke Hiring and What Might Be Next is an investigation into how hiring actually works now, how AI and automation have upended the process, and why the old rules no longer apply. It blends reporting, analysis, and firsthand stories from inside a labor market that’s increasingly algorithmic, opaque, and indifferent to the people moving through it—while asking what, if anything, might replace a system that no longer seems to work for humans on either side of the process.