{"id":10155,"date":"2023-03-06T13:50:43","date_gmt":"2023-03-06T13:50:43","guid":{"rendered":"http:\/\/lonecandle.com\/?p=10155"},"modified":"2023-03-06T13:50:43","modified_gmt":"2023-03-06T13:50:43","slug":"what-banning-noncompetes-could-mean-for-the-us-workforce-2","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=10155","title":{"rendered":"What banning noncompetes could mean for the US workforce"},"content":{"rendered":"\n

\n\n“A 2014 survey of economists<\/a> found that nearly 20 percent of workers have noncompete clauses in their contracts. That number is more likely 50 percent for people in high-skilled and high-tech jobs”
…
“Marx added that these agreements don\u2019t just specify that you can\u2019t share a specific company\u2019s secrets, but are often interpreted more broadly so that a person can\u2019t use skills they had prior to working at that company \u2014 something he said can be debilitating to high-skilled workers and entrepreneurs.”
…
“Detractors of noncompete clauses say the agreements prohibit workers from getting jobs with competitors or even within the same industry<\/a>. In doing so, they restrict job mobility and prevent workers from being able to push for higher wages, since changing jobs is often how workers get higher pay. These clauses can send them on lengthy job searches or even \u201ccareer detours<\/a>.\u201d”   
…
“Pro-employer groups like the US Chamber of Commerce have argued<\/a> that noncompete clauses can actually be pro-competitive because they protect an \u201cemployer\u2019s special investment in, training of, and disclosure of sensitive business information to its employees.\u201d In a statement released shortly after the FTC\u2019s announcement<\/a>, the organization called the rulemaking \u201cblatantly unlawful\u201d since it says the FTC doesn\u2019t have the authority to promote the rule. \u201cWhen appropriately used, noncompete agreements are an important tool in fostering innovation and preserving competition,\u201d the Chamber said in an emailed statement.”    <\/p>\n\n\n\n

https:\/\/www.vox.com\/recode\/2023\/1\/5\/23540951\/noncompete-agreements-ban-biden<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“A 2014 survey of economists found that nearly 20 percent of workers have noncompete clauses in their contracts. That number is more likely 50 percent for people in high-skilled and high-tech jobs”<\/p>\n

…<\/p>\n

“Marx added that these agreements don\u2019t just specify that you can\u2019t share a specific company\u2019s secrets, but are often interpreted more broadly so that a person can\u2019t use skills they had prior to working at that company \u2014 something he said can be debilitating to high-skilled workers and entrepreneurs.”<\/p>\n

…<\/p>\n

“Detractors of noncompete clauses say the agreements prohibit workers from getting jobs with competitors or even within the same industry. In doing so, they restrict job mobility and prevent workers from being able to push for higher wages, since changing jobs is often how workers get higher pay. These clauses can send them on lengthy job searches or even \u201ccareer detours.\u201d” <\/p>\n

…<\/p>\n

“Pro-employer groups like the US Chamber of Commerce have argued that noncompete clauses can actually be pro-competitive because they protect an \u201cemployer\u2019s special investment in, training of, and disclosure of sensitive business information to its employees.\u201d In a statement released shortly after the FTC\u2019s announcement, the organization called the rulemaking \u201cblatantly unlawful\u201d since it says the FTC doesn\u2019t have the authority to promote the rule. \u201cWhen appropriately used, noncompete agreements are an important tool in fostering innovation and preserving competition,\u201d the Chamber said in an emailed statement.”<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[798,1449,1840,236,551,574],"class_list":["post-10155","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-business","tag-labor","tag-noncompetes","tag-regulation","tag-regulations","tag-workers"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/10155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10155"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/10155\/revisions"}],"predecessor-version":[{"id":10156,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/10155\/revisions\/10156"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}