#noncompetes — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #noncompetes, aggregated by home.social.
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Two days ago:
~ Judge Tosses FTC Ban on Noncompete Agreements~
Commission doesn’t have the authority to issue the ban, judge finds
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Two days ago:
~ Judge Tosses FTC Ban on Noncompete Agreements~
Commission doesn’t have the authority to issue the ban, judge finds
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Two days ago:
~ Judge Tosses FTC Ban on Noncompete Agreements~
Commission doesn’t have the authority to issue the ban, judge finds
-
Two days ago:
~ Judge Tosses FTC Ban on Noncompete Agreements~
Commission doesn’t have the authority to issue the ban, judge finds
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Two days ago:
~ Judge Tosses FTC Ban on Noncompete Agreements~
Commission doesn’t have the authority to issue the ban, judge finds
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@kkarhan @parismarx And in the case of #noncompetes , the former employer has to pay for the time the employee refuses to compete. #workersOfTheWorldUnite
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@kkarhan @parismarx And in the case of #noncompetes , the former employer has to pay for the time the employee refuses to compete. #workersOfTheWorldUnite
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@kkarhan @parismarx And in the case of #noncompetes , the former employer has to pay for the time the employee refuses to compete. #workersOfTheWorldUnite
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@kkarhan @parismarx And in the case of #noncompetes , the former employer has to pay for the time the employee refuses to compete. #workersOfTheWorldUnite
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@kkarhan @parismarx And in the case of #noncompetes , the former employer has to pay for the time the employee refuses to compete. #workersOfTheWorldUnite
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“The FTC’s final rule to #ban #noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,” FTC Chair Lina M. Khan said in a statement after the vote.
The rule is set to take effect after 120 days,
but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.U.S. Chamber of Commerce CEO Suzanne P. Clark in a statement blasted the agency’s new rule as “a blatant power grab that will undermine American businesses’ ability to remain competitive.”
“The Chamber will sue the FTC to block this unnecessary and unlawful rule and put other agencies on notice that such overreach will not go unchecked,” Clark said.
The rule, recommended by President Biden as part of a 2021 executive order,
is the latest step in a major effort by the FTC to expand the boundaries of antitrust enforcement. MScholars cite a body of research that shows ⭐️noncompete agreements suppress worker pay and entrepreneurship and make it more expensive for employers to hire workers bound by the covenants.⭐️
The rule states that new noncompete agreements will be banned for all workers after it takes effect.
Existing noncompete agreements will no longer be enforceable, except for senior executives, who the FTC says represent less than 1 percent of workers.
President Biden cheered the move Tuesday:
“Workers ought to have the right to choose who they want to work for.” -
“The FTC’s final rule to #ban #noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,” FTC Chair Lina M. Khan said in a statement after the vote.
The rule is set to take effect after 120 days,
but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.U.S. Chamber of Commerce CEO Suzanne P. Clark in a statement blasted the agency’s new rule as “a blatant power grab that will undermine American businesses’ ability to remain competitive.”
“The Chamber will sue the FTC to block this unnecessary and unlawful rule and put other agencies on notice that such overreach will not go unchecked,” Clark said.
The rule, recommended by President Biden as part of a 2021 executive order,
is the latest step in a major effort by the FTC to expand the boundaries of antitrust enforcement. MScholars cite a body of research that shows ⭐️noncompete agreements suppress worker pay and entrepreneurship and make it more expensive for employers to hire workers bound by the covenants.⭐️
The rule states that new noncompete agreements will be banned for all workers after it takes effect.
Existing noncompete agreements will no longer be enforceable, except for senior executives, who the FTC says represent less than 1 percent of workers.
President Biden cheered the move Tuesday:
“Workers ought to have the right to choose who they want to work for.” -
“The FTC’s final rule to #ban #noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,” FTC Chair Lina M. Khan said in a statement after the vote.
The rule is set to take effect after 120 days,
but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.U.S. Chamber of Commerce CEO Suzanne P. Clark in a statement blasted the agency’s new rule as “a blatant power grab that will undermine American businesses’ ability to remain competitive.”
“The Chamber will sue the FTC to block this unnecessary and unlawful rule and put other agencies on notice that such overreach will not go unchecked,” Clark said.
The rule, recommended by President Biden as part of a 2021 executive order,
is the latest step in a major effort by the FTC to expand the boundaries of antitrust enforcement. MScholars cite a body of research that shows ⭐️noncompete agreements suppress worker pay and entrepreneurship and make it more expensive for employers to hire workers bound by the covenants.⭐️
The rule states that new noncompete agreements will be banned for all workers after it takes effect.
Existing noncompete agreements will no longer be enforceable, except for senior executives, who the FTC says represent less than 1 percent of workers.
President Biden cheered the move Tuesday:
“Workers ought to have the right to choose who they want to work for.” -
“The FTC’s final rule to #ban #noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,” FTC Chair Lina M. Khan said in a statement after the vote.
The rule is set to take effect after 120 days,
but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.U.S. Chamber of Commerce CEO Suzanne P. Clark in a statement blasted the agency’s new rule as “a blatant power grab that will undermine American businesses’ ability to remain competitive.”
“The Chamber will sue the FTC to block this unnecessary and unlawful rule and put other agencies on notice that such overreach will not go unchecked,” Clark said.
The rule, recommended by President Biden as part of a 2021 executive order,
is the latest step in a major effort by the FTC to expand the boundaries of antitrust enforcement. MScholars cite a body of research that shows ⭐️noncompete agreements suppress worker pay and entrepreneurship and make it more expensive for employers to hire workers bound by the covenants.⭐️
The rule states that new noncompete agreements will be banned for all workers after it takes effect.
Existing noncompete agreements will no longer be enforceable, except for senior executives, who the FTC says represent less than 1 percent of workers.
President Biden cheered the move Tuesday:
“Workers ought to have the right to choose who they want to work for.” -
“The FTC’s final rule to #ban #noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,” FTC Chair Lina M. Khan said in a statement after the vote.
The rule is set to take effect after 120 days,
but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.U.S. Chamber of Commerce CEO Suzanne P. Clark in a statement blasted the agency’s new rule as “a blatant power grab that will undermine American businesses’ ability to remain competitive.”
“The Chamber will sue the FTC to block this unnecessary and unlawful rule and put other agencies on notice that such overreach will not go unchecked,” Clark said.
The rule, recommended by President Biden as part of a 2021 executive order,
is the latest step in a major effort by the FTC to expand the boundaries of antitrust enforcement. MScholars cite a body of research that shows ⭐️noncompete agreements suppress worker pay and entrepreneurship and make it more expensive for employers to hire workers bound by the covenants.⭐️
The rule states that new noncompete agreements will be banned for all workers after it takes effect.
Existing noncompete agreements will no longer be enforceable, except for senior executives, who the FTC says represent less than 1 percent of workers.
President Biden cheered the move Tuesday:
“Workers ought to have the right to choose who they want to work for.” -
It's nice that the #FTC (Federal Trade Commission) has made #NonCompetes illegal.
Now they need to make #ForcedArbitration illegal next. -
It's nice that the #FTC (Federal Trade Commission) has made #NonCompetes illegal.
Now they need to make #ForcedArbitration illegal next. -
It's nice that the #FTC (Federal Trade Commission) has made #NonCompetes illegal.
Now they need to make #ForcedArbitration illegal next. -
It's nice that the #FTC (Federal Trade Commission) has made #NonCompetes illegal.
Now they need to make #ForcedArbitration illegal next. -
FTC Announces Rule Banning Noncompetes
“Today, the Federal Trade Commission issued a final rule to promote competition by banning #noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” said #FTC Chair Lina M. Khan. “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job…
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
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FTC Announces Rule Banning Noncompetes
“Today, the Federal Trade Commission issued a final rule to promote competition by banning #noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” said #FTC Chair Lina M. Khan. “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job…
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
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FTC Announces Rule Banning Noncompetes
“Today, the Federal Trade Commission issued a final rule to promote competition by banning #noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” said #FTC Chair Lina M. Khan. “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job…
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
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FTC Announces Rule Banning Noncompetes
“Today, the Federal Trade Commission issued a final rule to promote competition by banning #noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” said #FTC Chair Lina M. Khan. “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job…
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
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FTC Announces Rule Banning Noncompetes
“Today, the Federal Trade Commission issued a final rule to promote competition by banning #noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.
“Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned,” said #FTC Chair Lina M. Khan. “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job…
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes
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The #UnitedStatesFederalTradeCommissionFTC narrowly voted Tuesday to ban nearly all #NonCompetes employment agreements that typically prevent workers from joining competing #businesses or launching ones of their own.
The FTC received more than 26,000 public comments in the months leading up to the vote. Chair Lina #Khan referenced on Tuesday some of the stories she had heard from workers.https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
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The #UnitedStatesFederalTradeCommissionFTC narrowly voted Tuesday to ban nearly all #NonCompetes employment agreements that typically prevent workers from joining competing #businesses or launching ones of their own.
The FTC received more than 26,000 public comments in the months leading up to the vote. Chair Lina #Khan referenced on Tuesday some of the stories she had heard from workers.https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
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The #UnitedStatesFederalTradeCommissionFTC narrowly voted Tuesday to ban nearly all #NonCompetes employment agreements that typically prevent workers from joining competing #businesses or launching ones of their own.
The FTC received more than 26,000 public comments in the months leading up to the vote. Chair Lina #Khan referenced on Tuesday some of the stories she had heard from workers.https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
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The #UnitedStatesFederalTradeCommissionFTC narrowly voted Tuesday to ban nearly all #NonCompetes employment agreements that typically prevent workers from joining competing #businesses or launching ones of their own.
The FTC received more than 26,000 public comments in the months leading up to the vote. Chair Lina #Khan referenced on Tuesday some of the stories she had heard from workers.https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
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The #UnitedStatesFederalTradeCommissionFTC narrowly voted Tuesday to ban nearly all #NonCompetes employment agreements that typically prevent workers from joining competing #businesses or launching ones of their own.
The FTC received more than 26,000 public comments in the months leading up to the vote. Chair Lina #Khan referenced on Tuesday some of the stories she had heard from workers.https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan
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Economist Dean Baker on upcoming US Federal Trade Commission hearings on non-compete clauses, which have spread well beyond highly paid employees:
"Anyone who thinks that making [non-competes] unenforceable would be a case of the government interfering in the market needs to think further. The government *always* decides what sort of contracts it will enforce."
https://cepr.net/noncompete-clauses-markets-are-made-not-given-by-nature/
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Economist Dean Baker on upcoming US Federal Trade Commission hearings on non-compete clauses, which have spread well beyond highly paid employees:
"Anyone who thinks that making [non-competes] unenforceable would be a case of the government interfering in the market needs to think further. The government *always* decides what sort of contracts it will enforce."
https://cepr.net/noncompete-clauses-markets-are-made-not-given-by-nature/
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Economist Dean Baker on upcoming US Federal Trade Commission hearings on non-compete clauses, which have spread well beyond highly paid employees:
"Anyone who thinks that making [non-competes] unenforceable would be a case of the government interfering in the market needs to think further. The government *always* decides what sort of contracts it will enforce."
https://cepr.net/noncompete-clauses-markets-are-made-not-given-by-nature/
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Economist Dean Baker on upcoming US Federal Trade Commission hearings on non-compete clauses, which have spread well beyond highly paid employees:
"Anyone who thinks that making [non-competes] unenforceable would be a case of the government interfering in the market needs to think further. The government *always* decides what sort of contracts it will enforce."
https://cepr.net/noncompete-clauses-markets-are-made-not-given-by-nature/
-
Economist Dean Baker on upcoming US Federal Trade Commission hearings on non-compete clauses, which have spread well beyond highly paid employees:
"Anyone who thinks that making [non-competes] unenforceable would be a case of the government interfering in the market needs to think further. The government *always* decides what sort of contracts it will enforce."
https://cepr.net/noncompete-clauses-markets-are-made-not-given-by-nature/
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From dance instructors to boilermakers: Labor says non-compete clauses are holding back wages https://www.theguardian.com/australia-news/2024/apr/04/labor-andrew-leigh-speech-franchise-business-non-compete-clauses-suppress-wages
Andrew Leigh takes aim at ‘agreements between competitors’ not to poach workers, saying regulating the practice could lead to bigger pay rises
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From dance instructors to boilermakers: Labor says non-compete clauses are holding back wages https://www.theguardian.com/australia-news/2024/apr/04/labor-andrew-leigh-speech-franchise-business-non-compete-clauses-suppress-wages
Andrew Leigh takes aim at ‘agreements between competitors’ not to poach workers, saying regulating the practice could lead to bigger pay rises
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From dance instructors to boilermakers: Labor says non-compete clauses are holding back wages https://www.theguardian.com/australia-news/2024/apr/04/labor-andrew-leigh-speech-franchise-business-non-compete-clauses-suppress-wages
Andrew Leigh takes aim at ‘agreements between competitors’ not to poach workers, saying regulating the practice could lead to bigger pay rises
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From dance instructors to boilermakers: Labor says non-compete clauses are holding back wages https://www.theguardian.com/australia-news/2024/apr/04/labor-andrew-leigh-speech-franchise-business-non-compete-clauses-suppress-wages
Andrew Leigh takes aim at ‘agreements between competitors’ not to poach workers, saying regulating the practice could lead to bigger pay rises
-
From dance instructors to boilermakers: Labor says non-compete clauses are holding back wages https://www.theguardian.com/australia-news/2024/apr/04/labor-andrew-leigh-speech-franchise-business-non-compete-clauses-suppress-wages
Andrew Leigh takes aim at ‘agreements between competitors’ not to poach workers, saying regulating the practice could lead to bigger pay rises
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CW: Long thread/10
At the same time, the FTC has *also* taken up labor rights, using its *much* broader powers to do things like ban #noncompetes nationwide, unshackling workers from bosses who claim the right to veto who else they can work for:
https://pluralistic.net/2022/02/02/its-the-economy-stupid/#neofeudal
But the NLRB doesn't make the FTC redundant, or vice-versa. The NLRB role is principally reactive, punishing wrongdoing after it occurs.
10/
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CW: Long thread/10
At the same time, the FTC has *also* taken up labor rights, using its *much* broader powers to do things like ban #noncompetes nationwide, unshackling workers from bosses who claim the right to veto who else they can work for:
https://pluralistic.net/2022/02/02/its-the-economy-stupid/#neofeudal
But the NLRB doesn't make the FTC redundant, or vice-versa. The NLRB role is principally reactive, punishing wrongdoing after it occurs.
10/
-
CW: Long thread/10
At the same time, the FTC has *also* taken up labor rights, using its *much* broader powers to do things like ban #noncompetes nationwide, unshackling workers from bosses who claim the right to veto who else they can work for:
https://pluralistic.net/2022/02/02/its-the-economy-stupid/#neofeudal
But the NLRB doesn't make the FTC redundant, or vice-versa. The NLRB role is principally reactive, punishing wrongdoing after it occurs.
10/
-
CW: Long thread/10
At the same time, the FTC has *also* taken up labor rights, using its *much* broader powers to do things like ban #noncompetes nationwide, unshackling workers from bosses who claim the right to veto who else they can work for:
https://pluralistic.net/2022/02/02/its-the-economy-stupid/#neofeudal
But the NLRB doesn't make the FTC redundant, or vice-versa. The NLRB role is principally reactive, punishing wrongdoing after it occurs.
10/
