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Tell HN: Beware confidentiality agreements that act as lifetime non competes

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Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#261

Post by reverendsteveii »

schmichael wrote: post #112
tianqi wrote: post #45

I think the Chinese law is effective in this regard: in order to maintain any non-competition agreement, the company must continue to pay you a monthly compensation amount equal to 30% of your total monthly income when you were at the company. Whenever the payment stops, the non-competition agreement is automatically void.

Oregon at least makes it 50% IIRC. Anything less than 100% seems useless though. Usually when taking a new job in the same industry you expect a pay bump, so even a 100% rate is likely leaving money on the table.

it's not necessarily about fully compensating you. It's about making the non-competes actually cost the company something so they can't use them as free leverage to get you to accept shitty conditions today because quitting means not being able to work in your field at all for x years even if someone wants you around.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#263

Post by teejmya »

Tesl wrote: post #231
lanyard-textile wrote: post #227

Earlier quoted context omitted.

You know, in moments like these, you have an opportunity to build a connection — to meet someone in the middle who sees the world a little differently, who is perhaps indoctrinated into a disrespectful aspect of capitalism and is unable to see through it yet, or who perhaps offers a perspective you don’t have yourself. And you slam dunk any chance of connection for what seems to be the sake of argument and posture. A…

You should probably keep to LinkedIn for this kind of crap.

https://news.ycombinator.com/newsguidelines.html

    Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes.

    Comments should get more thoughtful and substantive, not less, as a topic gets more divisive.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#264

Post by socalgal2 »

matsemann wrote: post #242
socalgal2 wrote: post #241

Earlier quoted context omitted.

Isn't Norway's government is funded by gas and oil? Burn down the planet so we can have free health care

The economy may be well-boosted by the oil, but note that all the money is put into a fund and invested globally, and only a small percentage may be used in the government's budget each year. So no, free healthcare isn't funded by oil. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor... And while I don't support our continued extraction of oil, I feel like your comment is quite weird. How is it relevant i…

I guess I'm missing it. You linked to wikipedia which says it's called "Oil Fund" (Oljefondet). Further down it says "As of June 2011, it was the largest pension fund in the world, but it is not a pension fund in the conventional sense, as it derives its financial backing from *oil profits*, not pension contributions"

> the US produces many, many times more oil each year than Norway, so your argument is a complete non sequitur.

The US isn't funding health care through oil profits. If it was going to fund public health care (which it does) it does it through taxes.

You basically have a free money fountain and get free stuff it (while you burn down the rest of th world) and then you come on here and say "things are great over hear! surprised they aren't great over there" without acknowledging that you have a free money source.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#265

Post by matsemann »

socalgal2 wrote: post #264
matsemann wrote: post #242

Earlier quoted context omitted.

The economy may be well-boosted by the oil, but note that all the money is put into a fund and invested globally, and only a small percentage may be used in the government's budget each year. So no, free healthcare isn't funded by oil. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor... And while I don't support our continued extraction of oil, I feel like your comment is quite weird. How is it relevant i…

I guess I'm missing it. You linked to wikipedia which says it's called "Oil Fund" (Oljefondet). Further down it says "As of June 2011, it was the largest pension fund in the world, but it is not a pension fund in the conventional sense, as it derives its financial backing from * oil profits* , not pension contributions" > the US produces many, many times more oil each year than Norway, so your argument is a complete…

Yes, you're not understanding how it works: The oil profits go into the fund, not government budgets. So we're also not funding health care through oil profits, that oil money is locked away for the future in that fund.

I do think your attacks are quite unwarranted. Every time something good about the US is mentioned, should I then swoop in and mention how you're bombing the world, the tech profits are made on algorithms destroying society, your constant one-day delivery is flooding the world in plastics? How is that even relevant?

Also note, I only mentioned how the union here managed to remove non-compete clauses. Then someone else brought in health insurance and then oil. Not me.

For the record, I have been voting for the green party, that wants to disallow opening new oil rigs. Your beef isn't with me, don't harass a whole country, that's just unfair of you.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#266

Post by 93po »

airocker wrote: post #143
harimau777 wrote: post #141

Earlier quoted context omitted.

But they are using functionally equivalent formulas and Coke is still fine.

if coke did not have deep pockets, it would have gone under without this protection.

there are a million different manufacturers of, for example, hot dogs, and those hot dogs basically taste all the same to everyone, and yet they're all making basically identical hotdogs and doing fine

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#267

Post by gadders »

"Unconscionability is a doctrine in contract law that describes terms that are so extremely unjust, or overwhelmingly one-sided in favor of the party who has the superior bargaining power, that they are contrary to good conscience. Typically, an unconscionable contract is held to be unenforceable because no reasonable or informed person would otherwise agree to it. The perpetrator of the conduct is not allowed to benefit, because the consideration offered is lacking, or is so obviously inadequate, that to enforce the contract would be unfair to the party seeking to escape the contract."

https://en.wikipedia.org/wiki/Unconscionability

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#268

Post by airocker »

93po wrote: post #266
airocker wrote: post #143

Earlier quoted context omitted.

if coke did not have deep pockets, it would have gone under without this protection.

there are a million different manufacturers of, for example, hot dogs, and those hot dogs basically taste all the same to everyone, and yet they're all making basically identical hotdogs and doing fine

But none of them would end up becoming Coca Cola. At least not just by selling hot dogs.

Re: Tell HN: Beware confidentiality agreements that act as lifetime non competes

#269

Post by scarface_74 »

Buttons840 wrote: post #224
tianqi wrote: post #45

I think the Chinese law is effective in this regard: in order to maintain any non-competition agreement, the company must continue to pay you a monthly compensation amount equal to 30% of your total monthly income when you were at the company. Whenever the payment stops, the non-competition agreement is automatically void.

Speaking of China: The free movement of workers is important to having an efficient economy. The US could do a lot better here; we have bad safety nets, non-competes, "trade-secrets". When workers move freely and spread trade-secrets, this results in all companies performing better, on average. This is good for everyone except the lazy owners who would lose money to those who perform better. While the US worries abou…

You mean a billion homes that no one lives in and ends up being a Ponzi scheme?

https://www.newsweek.com/what-happened-china-ghost-cities-20...

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