Open link in next tab
The FTC has banned noncompete agreements
https://www.theverge.com/2024/4/23/24138559/ftc-noncompete-agreement-ban
The FTC says the ban will mean higher wages for workers.
https://www.theverge.com/2024/4/23/24138559/ftc-noncompete-agreement-ban
The FTC says the ban will mean higher wages for workers.
That's great news! My last job ended up "forcing" employees to sign non-competes or forgo their bonuses. Glad I left right before this became a thing. Always wondered how they'd even keep track and enforce something like that.
I thought they were all legally unenforceable anyway?
Edit: Thanks for the downvotes and legal clarifications. I am not a lawyer and was simply asking a question.
Do you feel confident in your ability to outlast a multinational company in a legal fight?
If they weren’t legally enforceable then the corpos wouldn’t be seething right now. Everything they tell you not to worry about is something you should probably fuckin’ worry about.
I mean, even if they're broadly unenforceable, companies include them anyways as a means of intimidation. This FTC decision basically puts up a giant neon sign telling everyone "yeah this isn't legal" which makes it pretty cut and dry. Big companies thrive on ambiguity because that's where an expensive lawyer comes in to argue the case whichever way; they will have a much harder time doing that now.
This is very true and I should have included that. It’s fucked how much of this shit is just barely legal or legal only on a technicality and we just let it slide. This ban has given me a lot of hope, though.
Wow it only takes a livable city wage to considered sr executive at $151,164. Tells you out of touch our politicians are. I am excited about this but I need help with my 2000 dollar a month child care and student loans and I will never be able to own a house since they cost like 600,000 dollars for a shit box in my city