One explanation for this is that organization-specific knowledge … is valuable, but general-purpose skills aren’t as valuable
I’ve also heard the explanation that firms are strongly incentivized to teach organization-specific knowledge but not general-purpose skills, because the former increases employee efficacy in the organization but the latter makes them more hirable at other organizations.
This is obviously theoretically true but I haven’t seen the literature on the effect size/am unclear how big an issue this is in practice.
I’ve also heard the explanation that firms are strongly incentivized to teach organization-specific knowledge but not general-purpose skills, because the former increases employee efficacy in the organization but the latter makes them more hirable at other organizations.
This is obviously theoretically true but I haven’t seen the literature on the effect size/am unclear how big an issue this is in practice.