Regulators prohibit new noncompetes, which impede millions of U.S. workers from getting a better job.
  • paysrenttobirds@sh.itjust.works
    20·
    7 months ago

    I hope this goes through, at least for wage workers or anyone with no stake in the company. I was surprised to learn how common it was for hairdressers! Janitors!? The idea may have a purpose in some places, but it’s obviously being abused to punish any employees who leave regardless of the reason.

    • circuitfarmer@lemmy.sdf.org
      5·
      7 months ago

      What do you mean “goes through?” It’s a decision from the FTC so it went through, unless I’m misunderstanding that process.

        • Zuberi 👀@lemmy.dbzer0.com
          11·
          7 months ago

          Chamber of commerce doesn’t want bankers to run around spilling all of the secrets obviously. Letting the SEC/Fed run to big banks would also not be ideal.

          They suck, but their suit makes perfect sense to protect your american markets.

          • bountygiver [any]@lemmy.ml
            51·
            7 months ago

            weird argument, people who want to spill secrets would do it regardless without being officially employed.

            • Zuberi 👀@lemmy.dbzer0.com
              13·
              7 months ago

              It’s not a weird argument. It is very much why this law exists.

              Them saying “hey can I work at the SEC for 1 week and leave?” and the gov saying “yes, idc” is bad and will lead to even more fraud, I promise.

              Again, nothing says they couldn’t limit this by industry.

              Roofing company wants a non-compete with a rival firm down the block? Fuck no.

              Somebody with a fiduciary-duty to not fuck over the ENTIRE regulatory industry for your country? Maybe we shouldn’t let them do that.

              • bountygiver [any]@lemmy.ml
                21·
                7 months ago

                except it’s up to the employer to say no to that, not taking someone hostage with a non-compete. Also as I said, even with the non compete in place, there’s literally nothing to stop people who want to make money through these leaks to just sell them secretly, and then make enough money to live without working through the non compete period.

  • Zuberi 👀@lemmy.dbzer0.com
    112·
    7 months ago

    This will lead to massive amounts of fraud sadly.

    Edit: Everybody down-voting clearly has 0 idea how much this helps the 1%

      • Zuberi 👀@lemmy.dbzer0.com
        14·
        7 months ago

        The SEC/Fed can freely fuck off to work at Goldman now and don’t need to do that song/dance.

        Financial institutions have these in place for a good reason (and there is nothing to say they can’t keep some industries under the regulations)