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> This kind of model is way too biased towards employers and gives them too much power to exploit, in an environment where employers anyways have a lot of power as compared to one employee (prospective candidate in fact, not even employee).

And the issue with that is that great talent will simply lose interest. Unless of course the company is willing to be extremely aggressive salary-wise or is a leader in a very visible field (SpaceX). Because they typically have have multiple offers on the table.