#noncompeteagreements — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #noncompeteagreements, aggregated by home.social.
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“In particular, 80% of voters or more want the government to use leverage to bring down costs of essential #drugs or treatments such as insulin or inhalers, investigate #bigoil companies for inflating #gas prices, enforce #RightToRepair rules, ban #noncompeteagreements , and break up monopolies like #ticketmaster
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CW: Instagram Reel
https://www.instagram.com/reel/C-Giuv6Ox4k/
#LinaKhan #FTC #ConsumerProtection #Consumers #Government #America #USA #ReidHoffman #ReidHoffmanJeffreyEpsteinConnection #Law #Justice #AntiTrust #Enforcement #ACLU #BigPharma #JunkFees #Subscriptions #noncompeteagreements #BigTech #Monopolies #Biden #Harris #KamalaHarris #BigBusiness #CEO #Democrats #Corporatocracy #ToxicCapitalism #Capitalism #EatTheRich #BigAg #BigOil #Economy #Labor #Unions
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Judge says FTC lacks authority to issue rule banning noncompete agreements - Enlarge / FTC Chair Lina Khan testifies before the House Appropriations... - https://arstechnica.com/?p=2035241 #noncompeteagreements #policy
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#NonCompeteAgreements are especially challenging in small industry sectors like #AI and for non-commodity #RubyLang jobs. While already unenforceable in some places, large companies that engage in #venueshopping made this a burdensome issue for many specialists.
Great to see progress being made on this!
https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
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FTC bans noncompete agreements for workers
"The new rule requires companies with active noncompete agreements to inform workers that they are void"
Gifted
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CW: Long thread/20
As Lazare points out, bondage fees are basically just a wrinkle on an existing scam: #NoncompeteAgreements, which bind *one fifth* of the US workforce, prohibiting workers from switching to a competitors' shop. While noncompetes are lauded as a way of protecting the assets of "knowledge" firms, the vast majority of workers chained to their jobs with noncompetes are low-waged workers in the fast-food sector.
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CW: Long thread/16
Two years ago, Khan began an in-depth investigation into the use of #NonCompeteAgreements in the US labor market.
This investigation created an extensive evidentiary record on the ways that workers are harmed by these agreements, and collected empirical observations about whether industries really needed noncompetes to thrive.
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CW: Long thread/12
Over the Christmas break, even as the airline industry was stranding Americans far from their families, Khan proposed a rule to ban #NoncompeteAgreements, which are widely used to prevent low-waged workers like fast-food cashiers from quitting their jobs and seeking better pay from competitors:
https://mattstoller.substack.com/p/antitrust-enforcers-to-ban-indentured
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Why America's #ftc Proposed Banning 'Noncompete' Agreements for Workers - Slashdot https://news.slashdot.org/story/23/01/07/0548246/why-americas-ftc-proposed-banning-noncompete-agreements-for-workers?utm_source=rss1.0mainlinkanon&utm_medium=feed
#NonCompeteAgreements #noncompete -
#FTC settles with 3 companies that used #NonCompeteAgreements
“The FTC estimates that banning noncompetes nationwide would raise workers' wages by $250 to $300 billion a year.” https://www.cbsnews.com/news/noncompete-agreement-feds-sue-3-companies-that-prevented-employees-from-leaving-for-competitors/