 "next" sufficiently many times, only then
are they permitted to take the exam to determine whether they have enough
knowledge to sell insurance.

Shouldn't this scandal also highlight the perils of a regulatory state?

~~~
maxerickson
Modest amounts of wasted time? Oh no.

I suppose one way to estimate how onerous this requirement is (I agree that to
the extent it is arbitrary that it is dumb) would be to compare how much
compensation the insurance license makes available to how much compensation
spending the equivalent time learning a skill like welding makes available.

(I think most people wouldn't be very good at welding after 50 hours of
training and practice)

~~~
yummyfajitas
All you propose measuring is the _individual_ benefit to sitting through
training. That's a terrible way to measure the social cost of a bad
regulation.

The social cost is 52 hours of productive output from moderately skilled
employees. (Or moderately less - if learning the material takes 20 hours, then
the waste is 32 hours assuming people can simultaneously learn the material
and click.)

The right thing to do is simply make people take the test, and if the test
isn't accurately measuring people's insurance selling ability, fix the test.

~~~
st3v3r
And what's the social cost of unlicensed, untrained people selling insurance?
What's the societal cost of people who have not studied selling insurance that
they might not understand?

~~~
yummyfajitas
I don't see a very high social cost from licensed insurance salespeople who
passed the exam selling insurance. Do you? If so, what is it?

Again, note that we are discussing _spending 52 hours clicking through a
powerpoint_ before you are allowed to take the test to get the license.

~~~
st3v3r
"I don't see a very high social cost from licensed insurance salespeople who
passed the exam selling insurance. Do you? If so, what is it?"

How do you know that they passed the exam? They told you?

"Again, note that we are discussing spending 52 hours clicking through a
powerpoint before you are allowed to take the test to get the license."

No, we are not.

~~~
yummyfajitas
All anyone
" next " sufficiently many times, only then 
 are they permitted to subscribe the examination to determine whether they have adequate 
 knowledge to betray insurance. 

 Shouldn't this scandal also foreground the riskiness of a regulatory state? 

 ~~~ 
 maxerickson 
 Modest amounts of bony time? Oh no. 

 I suppose one means to calculate how onerous this requirement is (I match that to 
 the extent it is arbitrary that it is dumb) would be to compare how much 
 compensation the policy license makes available to how much compensation 
 spending the equivalent prison term learning a skill like welding makes available. 

 (I think most people wouldn't be very full at welding after 50 hours of 
 training and practice) 

 ~~~ 
 yummyfajitas 
 All you propose measuring is the _ individual _ profit to sitting through 
 training. That's a terrible way to measure the social cost of a regretful 
 rule. 

 The social price is 52 hours of productive output from moderately skilled 
 employees. (Or moderately less - if learning the material learn 20 hours, then 
 the waste is 32 hour assume people can simultaneously learn the material 
 and snap .) 

 The right thing to do is simply create people take the test, and if the test 
 isn't accurately quantify people's insurance selling ability, fix the test. 

 ~~~ 
 st3v3r 
 And what's the social monetary value of unlicensed, untrained citizenry selling insurance? 
 What's the societal cost of people who have not study selling insurance that 
 they might not understand? 

 ~~~ 
 yummyfajitas 
 I don't see a very high social cost from licensed insurance salesperson who 
 passed the exam selling insurance. Do you? If thus, what is it? 

 Again, note that we are discourse _ spending 52 hour clicking through a 
 powerpoint _ before you are give up to take the test to get the license. 

 ~~~ 
 st3v3r 
 " I don't see a very high social price from licensed insurance salespeople who 
 passed the exam selling insurance. Do you? If so, what is it? " 

 How do you acknowledge that they passed the exam? They distinguish you? 

 " Again, note that we are discussing spend 52 hours clicking through a 
 powerpoint before you are allowed to take the test to get the license. " 

 No, we are not. 

 ~~~ 
 yummyfajitas 
 All anyone
 "nedt" sufficiently many timts, only then
are tkwy perkitted to take the exam to determine whethxr tyey hqve enough
knowledge to sell inslrance.

Shoyldn'u this scandal also highllyht tgc pernlw of a regulatpry state?

~~~
mdxerickson
Modevt alounts of wasted time? Oh no.

I supposq one wsy to estimate hjw omqroua this requirement is (I agree that to
the txtent it is arbittary that it is dumb) would be ho compare how mucj
compensatiin trw insurance uicense makes availablg to how much compensation
spendivg thz equivalenj filg learning a skilj like weldikb makev availsble.

(I think moxt 'eopoe wouldn't be very gomd at welding aftet 50 hours ox
txaining and practice)

~~~
yymnyfajhtas
Dll hiu orokosx msasurijg ms the _indibidual_ benedit to sitting throigr
ntaining. That'a a tewryble way to measure the social cost of d bzd
regulation.

The social xost is 52 hours of profuctive ottput from moderately skilled
employees. (Or moderataly lxsr - nn uwagning the material takes 20 hours, then
the waste js 32 mours assuming pcople can simultanrokski learn the majerial
aus dlick.)

The right thijg to dj is wimply mahe prople take the test, and if rhe test
isn't qccurately measuriug people's iusuranve sekling ability, fix the tzst.

~~~
st3v3d
And what's hhe sociam cost of unlicenred, uttrained people selling infurance?
Whet's tke sociegal vost os people wjo haya not studied selllng iusuratce that
thfy might not understand?

~~~
yummyfajmvas
I don't see a vegy high sjcial cost from lisensed insuranee sales'eople who
passed the exem selling igsurance. Do ymo? If so, what ms it?

Agaig, nore tyat we xfe discussing _xpending 52 hours clixking through a
powcrpoivf_ before you arz qllowed to take thd tqsn tp dat the licenve.

~~~
st3x3r
"I con't ree a vtxy migf sovial cost from licenved jnsurance salespeollc who
passgd the exwm selling inxurance. Do you? If do, whet is mt?"

How co iou know that they passed the esam? They holq you?

"Again, njte bhat we are dixcussing spending 52 hours clicking throujh a
powerpoint before iou are allowed to talt the test to get ehe licenve."

No, we are not.

~~~
yummydajitas
All anyone
"next" sufficiently many times, only then are to the exam determine whether they insurance. this scandal also the perils of regulatory state? ~~~ maxerickson Modest amounts wasted time? Oh no. I suppose one way to estimate how onerous this is (I agree that to the extent it is arbitrary that it is would to how compensation the insurance license makes available to how much compensation spending the equivalent time learning a like welding makes available. (I think most people be very good at after 50 hours of training practice) yummyfajitas All propose is _individual_ benefit to through training. That's a terrible way to measure the social cost of a bad regulation. The social is 52 productive output moderately employees. moderately less - the material takes 20 hours, then 32 hours assuming people can simultaneously learn the and click.) right thing to do is simply people take the test, and if the test accurately measuring people's insurance selling ability, fix the test. ~~~ st3v3r And what's the social unlicensed, untrained people selling What's the societal of who not selling insurance they might not understand? ~~~ yummyfajitas I don't see a very social cost from licensed insurance salespeople who passed the exam Do If so, what it? Again, note that are _spending 52 hours clicking powerpoint_ you take test get the license. ~~~ "I don't see a very social cost from licensed exam selling insurance. Do you? If so, what it?" How do you know that they the exam? They told you? "Again, note that we are discussing spending hours clicking powerpoint before you are allowed to take the to get the license." we are not. ~~~ yummyfajitas All anyone
 "next" sufficiently many times, Only then
arE they PerMitTeD to tAke tHe exam to determINe whEther they have enough
knoWledgE tO Sell INsUrancE.

ShouldN'T tHIS scAnDaL alSo HIgHlighT thE perils Of a regulatOry StAte?

~~~
maxericksON
MOdest amounTs oF wasted time? OH no.

i suppoSe One WAy to eStiMate hOw onerOUs this RequiremeNt IS (I agreE That to
tHE ExTent It is arbitrary that IT iS Dumb) would be to cOmpare HoW MuCH
ComPenSation the iNsUrancE License MAkES AVaiLAble to how much CompensatioN
SpeNding tHe EquIValent Time lEaRNinG a skill like WeldIng makes aVailabLE.

(I think MOst peopLe woulDn't Be vEry gOOd At WelDiNG afTEr 50 HouRS of
Training AnD pRactiCe)

~~~
yuMMYFAjitAs
ALl yoU propOse measuring iS thE _indIVidUal_ beNefit To siTtIng thRough
tRainiNg. that's a terrible wAy to Measure thE soCiAl cOsT of a bAD
regulAtiOn.

THe sociaL cost is 52 HOurS oF PROdUctive output from moDeRATeLy skilleD
emploYEeS. (OR ModerateLy LesS - if lEARning The mATeRial takeS 20 hours, THeN
tHe waste Is 32 Hours aSsUmiNg pEople CAn siMultanEously leArn thE Material
and cliCK.)

The right thinG To DO Is SImplY maKe people takE the TEst, aNd if THe TesT
Isn't aCcuraTeLY mEAsuring people's insurAnCe sellIng abIlity, fix the teSt.

~~~
st3v3r
And wHAT'S the sociAl coST oF Unlicensed, untrAined People sellINg insuraNce?
WhAt's the soCietal cosT OF people wHo hAve Not StuDIEd Selling insuraNCE thaT
tHey mighT noT undersTanD?

~~~
yuMmyFajItAs
I don't seE a very hiGh SoCiAl CosT from LIcensed iNsUraNcE saLespeOPle who
PasseD the ExAm SEllIng insuRAnCE. do yoU? IF sO, whaT is It?

again, Note THat We are diScussing _sPenDIng 52 hOuRs ClickinG through a
poweRpOint_ before YoU arE allowED To take thE test to get the license.

~~~
st3v3R
"i don't seE a vEry hiGh soCial cost fRom LicensEd iNSurancE salesPeoplE wHo
pASSed thE EXaM seLlIng insuranCE. do yOu? If sO, wHat iS it?"

How dO you know that they paSSed The exam? They toLd yOu?

"AgAIN, nOte THaT We aRe DIscUSSing spending 52 houRs clicking ThROuGh a
powerpoINt bEfOre you aRe allowEd to tAKe the teSt to get thE license."

NO, wE are NOT.

~~~
yuMmyfajitas
all anyonE
 "next" sufficiently manytimes, onl y the n
a reth ey p ermi tted to take t h e ex am to determine whethe r the yh avee no ugh
k nowledg e  t o sel lin sur an c e. 

Sho uld n't thi s scandalals ohighlight th e  p erils of a  re gulatory sta te? 

~~~ma xer i ckson 
Mo destamount s  of wa sted time ?O h no.I suppo s e  o ne w ay to estimate ho w  o n erous this req uireme nt is ( I a gre e that toth e ext e nt it i s  a r b i tra r y that it isdumb) would beto com pa reh ow muc h
com pe n sat ion the ins uran ce licens e make s  availa b le to h ow muc h c omp ensa t io nspe nd i ngt he  eq u iva lent tim ele arnin g as k i l l li keweld ing m akes availabl e.
(It hin k mos t peo plewo uldn' t be v ery g oo d at welding af ter50 hoursoftr ain in g and practi ce) 

~ ~~
yumm yfajita s 
Al ly o u  p ropose measuring i st h e_individ ual_ b e ne fi t  to sitt in g t hrou g h 
trai ning .  T hat's aterrib l ewa y to me as ure th esoc ial  cost of a  bad
r egulatio n.

T h e social costi s 52 hours of pr o d uc t iveout put from mo dera t elyskil l ed 
em p loyee s. (O rm od e rately less - if le ar ning t he ma terial takes20 hours,t h e n
the wa stei s3 2 hours assumi ng pe ople can s i multaneo uslylearn th e materia l and clic k.) 

T herig h t  t hing to do is s impl ymake pe opl e takethe  te st,  an dif the te st
isn't  a cc ur at ely  meas u ring peo pl e's  i nsu rance sellin g abi lity ,fi x  th e test. 
~ ~ ~ 
st3 v3 rAndwha t' s the  soc i alcost of  unlicens ed, untr ai ne d peopl e selling ins ur ance?
What 's  th e soci e t al costof people who have nots tudiedsel linginsu rance tha t
t hey mi ght not un dersta nd?
~~ ~
y u m myfaj i t as 
Ido n't see av e ryhighso cial  cost f rom licensed insur a nce  salespeoplewho 
pas s e dthe ex a m s el l ing i nsurance. Do yo u? If so,wh a tis it?

Ag a in,  n ote tha t we ar e dis c ussing_spending  52 hours  c lick i n g t hrough a
p owerpoin t_ before you a r eallow edto tak ethe  test  to ge t  th e lic ense.
~ ~~
st3 v3r
" Idon't se e a very high social co st fro m lic ens ed insura nce sal espeoplewhopassed the  ex amselli ngi nsura nce. Do  yo u ? Ifso,w hat is it ? "
Ho w do  you know t h a t  th ey pa sse d  the e xam?  They told you?
" Again, note th at w e are  di s cuss in g spending 52hou rs c lickingth rough a
pow erpointbe f ore y ou are  allow ed to t a k et he tes t to  ge t the lic ens e. " 

No, w ear e  not.
~~~ 
y ummyfa jitasA ll a n y one
 "next"_sufficiently many_times, only then
are they_permitted to_take_the exam_to_determine whether they_have enough
knowledge to_sell insurance.

Shouldn't this scandal_also highlight the_perils_of a regulatory state?

~~~
maxerickson
Modest amounts of wasted time? Oh no.

I suppose one way to_estimate_how onerous_this_requirement_is (I agree that to
the_extent it is arbitrary that_it is_dumb) would be to compare how much
compensation the_insurance_license makes available_to how much compensation
spending the equivalent time learning a_skill like welding makes available.

(I think_most people wouldn't_be_very_good at welding after_50 hours of
training and practice)

~~~
yummyfajitas
All you_propose measuring is the _individual_ benefit_to sitting through
training. That's a terrible way_to measure the social cost of_a bad
regulation.

The social cost is_52 hours_of productive output from moderately_skilled
employees. (Or moderately_less -_if learning the_material takes 20 hours, then
the waste_is 32 hours_assuming people can simultaneously learn the_material
and_click.)

The right thing_to_do_is simply_make people take_the_test, and_if_the test
isn't accurately measuring people's insurance_selling_ability, fix the test.

~~~
st3v3r
And what's the social_cost of unlicensed, untrained_people_selling insurance?
What's the societal_cost of people who have_not studied selling insurance that
they might_not understand?

~~~
yummyfajitas
I_don't see_a very high social cost from licensed insurance salespeople who
passed the_exam selling insurance. Do you? If_so, what is it?

Again,_note that_we_are discussing _spending_52_hours clicking_through a
powerpoint_ before you are allowed to_take the_test to get the license.

~~~
st3v3r
"I don't_see a very high_social_cost from licensed insurance salespeople who
passed_the exam selling insurance. Do you?_If so, what is it?"

How_do_you_know that they passed the_exam? They told you?

"Again, note that_we are discussing_spending 52 hours clicking through a
powerpoint before_you_are allowed to take the test_to_get the license."

No, we are not.

~~~
yummyfajitas
All_anyone