- cross-posted to:
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- cross-posted to:
- [email protected]
The FTC’s three Democratic members were in favor of adopting the regulation, while its two Republican members were against it.
…
“The FTC estimated that the ban would boost wages by between $400 billion and $488 billion over 10 years.”
Employers are required to tell people that existing noncompetes are void:
The new rule makes it illegal for employers to include the agreements in employment contracts and requires companies with active noncompete agreements to inform workers that they are void. The agency received more than 26,000 comments about the rule after it was proposed some 16 months ago. The rule will take effect after 120 days, although business groups have promised to challenge it in court, which could delay implementation.
The FTC website says it has an exception for Senior Executives which it defines as people making over 151k and are involved in policy making decisions.
Oh shit that’s low. A lot of engineers in high cost of living areas are going to need to argue they don’t make policy decisions
Given that non-competes were already hard to enforce and engineers (or any staff role) can easily answer no to questions like “are you an executive?” I don’t think it’s going to be hard.
Or are all getting promoted to Senior Executive! But I think that’s a good clause to greatly restrict who it applies to.
Rhetorical question: why do bills like this include specific wage amounts when those amounts are bound to become obsolete? Why not make them a variable, like the percentage of the cost of living?
jeez that is sorta low espcially for large metropolitan areas.
Its the “policy making decisions” clause that saves us.