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The Federal Trade Commission last week proposed a ban on employee contract provisions that prevent workers from joining competitors for a period after they leave. The FTC said these agreements illegally block an estimated 30 million workers from seeking better jobs, and hinder employees’ ability to hire the best talent.
This is a bs headline. One of the biggesr users of non-competes was jimmy john's, for people making sandwiches. And with limited exceptions, they've been illegal in california for some time now.
So...a free market?
Good!
Isn’t that the way capitalism is supposed to work!
Non-competes are evil and should be rendered unenforceable in all but maybe the tiniest sliver of cases. A Bloomberg article said 45% of physicians have them, which is outrageous. But they also affect ppl on bottom of inc scale too. In light of that, who gives AF about priv eq?
Noncompete agreements are EVIL. After being at a company that ground my morale into a fine dust for 10 years doing the work of at least 3 people, they refused to pay an appropriate wage, I was forced to leave an industry I loved because they were bitter and threatened litigation
🤷♂️Who can you keep? Architecture is like the sun going down.
Bullshit story
Forcing an employee (top talent) to stay by threatening their livelihood. That's quite the system. You're all for free markets unless it comes to your labor force then you're quite feudalistic.
High-priced talent getting even pricier? Gee, ain't that a shame. And all because they have a knack for making money by shuffling it around from one place to another.
In most parts of Canada non-compete agreements have been rendered unenforceable...
One of the worst ideas presented.
Oh god no. You mean you might actually have to pay people more? Quelle horreur!
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Source: Cointelegraph - 🏆 562. / 51 Read more »