this post was submitted on 23 Apr 2024
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The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own.

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[–] AA5B@lemmy.world 13 points 7 months ago

Forget ideas, just normal worker mobility. A couple of years ago I switched jobs.

The old company had gotten bought by a conglomerate and they were milking the product line by stopping development, stopping raises, and letting attrition do its thing. Time to leave. One of my peers found a great company still investing in their products and jumped ship. Me too. However we both had noncompetes specifically prohibiting “poaching”, so could we even talk to co-workers? Everyone lost because of this noncompete. New company missed out on potential new hires, co-workers missed a potential opportunity, and even old company attrited slower than otherwise so less profit

This is a classic case of noncompetes blocking worker mobility, hurting everyone