What’s non-compete clauses and why is it a big deal that it’s banned?

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I see that the FTC banned it and (from what I see) it seems like a good thing. Why?

In: Economics

15 Answers

Anonymous 0 Comments

Non compete means that you won’t take a job with a rival in the same industry. Which fucks workers who leave because it makes them unable to find work in the industry they have experience in.

The idea is that it protects companies from corporate espionage. But in reality it just fucks people over.

Very rarely are they ever actually enforced. Because a company would have to sue the ex worker.

But now they’re all unenforceable. Allowing people to seek employment within their fields without fear of repercussions.

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