Noncompetes for fast food workers are totally unconscionable.
FTC announces rule banning noncompetes
31–40 of 530 posts
Re: FTC announces rule banning noncompetes
#32> The Commission also finds that instead of using noncompetes to lock in workers, employers that wish to retain employees can compete on the merits for the worker’s labor services by improving wages and working conditions. I absolutely love this.
Hogwash! I demand a free market for my business, but a closed market for my assets.
Re: FTC announces rule banning noncompetes
#33My attorney friends tell me that the FTC doesn't really have the ability to do this, since contract law is part of state law. (My poor paraphrasing, not theirs.) I've been surprised I haven't seen this mentioned on social media or in the news. Are my friends wrong, or are people celebrating because this is just a step in the right direction even if it may not do anything yet?
Options are also contracts and the FTC seems to have succeeded in regulating those.
Re: FTC announces rule banning noncompetes
#34My attorney friends tell me that the FTC doesn't really have the ability to do this, since contract law is part of state law. (My poor paraphrasing, not theirs.) I've been surprised I haven't seen this mentioned on social media or in the news. Are my friends wrong, or are people celebrating because this is just a step in the right direction even if it may not do anything yet?
> FTC doesn't really have the ability to do this, since contract law is part of state law
The federal government can absolutely regulate both employment and contract law. (Merger agreements are contracts. The FTC was established to block bad mergers.)
Whether the FTC can do this is untested. But that’s more a Chevron issue than a federal powers one.
Re: FTC announces rule banning noncompetes
#35The U.S. Chamber of Commerce is likely to file suit: https://www.uschamber.com/finance/antitrust/chamber-comments...
[deleted]
Re: FTC announces rule banning noncompetes
#36The U.S. Chamber of Commerce is likely to file suit: https://www.uschamber.com/finance/antitrust/chamber-comments...
I suspect this won’t survive a challenge in front of the current Supreme Court, unfortunately.
Re: FTC announces rule banning noncompetes
#37Noncompetes for fast food workers are totally unconscionable.
whoa, that existed? sheesh
Re: FTC announces rule banning noncompetes
#38Does anyone know the history of noncompetes? It seems like a case of Tacit Collusion[1]. But if there is no competitive advantage to the noncompete, how did it catch on?
Re: FTC announces rule banning noncompetes
#39Does this change a lot for many people?
This doesn't mean you can scurry off a just build a competing product/service to your existing employer. You probably also have NDA and/or IP agreements too.
> The Commission found that employers have several alternatives to noncompetes that still enable firms to protect their investments without having to enforce a noncompete.
> Trade secret laws and non-disclosure agreements (NDAs) both provide employers with well-established means to protect proprietary and other sensitive information. Researchers estimate that over 95% of workers with a noncompete already have an NDA.
Trade secrets would generally include anything from code, approaches to problems, product roadmaps, customer lists, etc (so spans not only engineering... but also product, sales, etc).
Re: FTC announces rule banning noncompetes
#40Why now?
Election year