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FTC Ban on Noncompetes Is a Victory for the US Economy

www.bloomberg.com FTC Ban on Noncompetes Is a Victory for the US Economy

By giving workers more bargaining power, the new rule will make businesses more competitive.

FTC Ban on Noncompetes Is a Victory for the US Economy

By giving workers more bargaining power, the new rule will make businesses more competitive.

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  • In my opinion, these types of agreements should only be allowed if they come with some sort of golden-parachute severance package. Preventing people from working in the fields they are most useful and experienced in once they depart a company (either willingly or not) only benefits their former employer. It doesn’t benefit the employee, hurts competition, and is also (likely) a drag on the economy.

    Getting rid of these is a victory for the average American.

7 comments