[aakresearch]

In trading (of securities) posting an order without intent to execute is considered market manipulation, which is illegal and harshly prosecuted. There is a consideration that change of mind is possible, but you'll have a hell of a lot to prove in such case before authorities let you off.

I agree with many, pointing that companies will (try) find ways to fleece any regulation imposed. And I am not a fan of regulations myself, at all. But I think it is fair to hold businesses to some standard in many aspects, including hiring. It is already being done in regards to some, like discrimination and equality. Un- and under-employment is a matter, dealt with by society through institutions and funded by taxpayers. The "clearance rate" of job applications (from both "buy" and "sell" sides) is, therefore, a state concern. I do not think extending requirements of "business license" to demonstrate "genuine intent" would place insurmountable burden on HRs or CEOs. But of course, such extension must have some teeth.

To be clear, the current situation with excessive ghosting is not helped by decades-old push to "commoditize" jobs, particularly IT jobs. And the regulations we discuss will be a not very well-veiled recognition of its de-facto success. Which I am also not a fan of. But flip side seems worse, when companies are allowed to pretend they'd only settle for unicorn while not demonstrating a "unicorn-shaped sieve" at all.