The only non compete contracts that should be allowed to exist are at the governmental level.
Can’t have an ex-insider work to regulate the field they come from, can’t have an ex-policy maker go work in a field they previously regulated.
I think there’s a few private sector jobs that should be eligible for non competes. Mainly jobs like late night show hosts where the employer uses their own resources to establish a brand for an employee (here a tv host).
I hope they do ban them. All of my jobs since graduating 15+ years ago have had non-competes, and even for $37k/year. Even if in many cases they might not be enforceable in court, individuals may not know that, or not be able to pay a lawyer. They’re intended to make employees afraid of going to a competitor or starting their own business.
What field has non competes at $37k a year?
Security, sandwich shops, sewer cleaners, just to name a few I know about.
There’s a joke about capitalists not competing in here somewhere. Don’t let me down, Lemmy.
Half of my engineering jobs had non-compete clauses in them that were actually pretty restrictive. Removing non-compete barriers to finding work is never a bad thing.
California has had this law for years and it has only helped their economy.
This is the best summary I could come up with:
When people think of noncompete agreements, they usually think of corporate executives with knowledge of prized trade secrets, whose lavish pay packages often come with a condition that if they quit or get fired, they can’t go work for an industry rival.
Some of the loudest opposition has come from Wall Street, where firms see noncompete agreements as important to protecting investment strategies and keeping highly-paid workers from walking out with valuable inside information.
Supporters of the ban say it would help people like lighting designer Richard Tatum, a New York City resident who had signed a noncompete agreement and spent a year fighting a former employer in court after they sued him for getting another job shortly after they laid him off in 2009.
The Federal Trade Commission proposed a regulation in January banning noncompete agreements, arguing that they hurt workers.
Business groups say the ban shouldn’t apply to certain industries and job levels, like top executives or partners in tech companies or law firms.
State Senator Sean Ryan, a Democrat who sponsored the bill, pointed to Silicon Valley in California, a hub for tech companies.
The original article contains 648 words, the summary contains 185 words. Saved 71%. I’m a bot and I’m open source!
