Republicans will send this to the supreme court and it will be overturned sadly. Corporations will never allow people the ability to look and find better paying jobs without taking huge losses. Business owns us and they will never give up. The corruption is deep seated.
Neither am I, but I couldn’t agree more. This is awesome, this just puts more power in the hands of workers in a way that I think it’s just gonna be really positive for normal people.
Especially when an employer can fire you at anytime in most states. Some employers non-competes go as far that if they lay you off you can't work in the industry which is ridiculous. Talk about completely hosing someone's life if they're in a niche industry.
I'm a dentist and am locked in an absurd non-compete clause. Finally the Feds did something right! Looking for places to open my own practice right now!
Lina Kahn is so fire! This is awesome and a win for America! This will help both workers and businesses, but know business will fight it since it helps others and not just them
I was broke and working for a company that was shady as hell, when I left they sued me for a million dollar and it took me a year to fight, I made about 40k a year and was a saleperson. This is good news for regular humans, the 99%.
They actually cite this example in the FTC letter stating the why behind their decision. Best friend’s dad is a heart surgeon in a smaller town in Michigan. They said he can’t leave! But they put him on leave due to budget cuts!
Agreed imagine if hospitals ran on merit vs logistics your just a number to them your life a cost your constantly failing to meet their quotas on for their share holders why most organs go to waste why find ways to try and keep that kdiney for 12 more hours and find new innovative ways to succeed thru big data to save your life
This is THE START of some really great news for us - we all the know the extremely generous folks in the chamber of commerce are for SOME REASON not too excited about this ruling. I’m curious though if trying to circumvent the ban by sneaking new clauses into “non-solicitation” and “non disclosure” agreements will he punishable by the FTC.
I have a non compete clause in my company retirement shares which pay out quarterly over 5 years. One other colleague who had the same deal retired got fed up went to consult for a competing company and is in the middle of a horrible lawsuit. It’s cost him over $20000.00 to defend himself. These are large deferred comp payments.
I love how both of these guys are making sure that they clearly define themselves so they are not "Senior Executives." Basically they're like, "hey in 180 days, I'm available."
Preventing someone not being able to find work in their field is ludicrous. You could lose your skills in a year. If anything this noncompete clause is unconstitutional.
There is no reason anyone can be against this. non compete clauses make sense for executives or high level managers with sensitive trade secrets but are just monopolistic behavior when applied to your average worker. Let the free market work.
The paradox of the free market is that in order for it to work, it cannot be free. For a market system to work, Human and Real capital must be free to move and flow. Otherwise it all just monopolizes and you end up with communism with prettier paint and somehow fewer human rights.
While un-regulated noncompetes are extremely against employees, I think banning it entirely can be very damaging to many employers. I'm a dentist. I've always signed non-competes when I work as an associate. If there is no non-compete, I could simply build trust with my boss's patients, quit, then build a practice across the road from my boss to try and steal his patients. Likewise, let's say my boss announces retirement and sells his business to me. He could theoretically say "just kidding", build a business across the road, then try and steal all the patients I just paid for. I'm not saying we should keep non-competes unregulated; they are really out of control. But I do sympathize with my boss in this situation; cutting it entirely can be really damaging.
@@Trewq79 that scenario doesn’t make any sense. Patients and customers don’t just leave on a whim and to use your example if your boss was a good dentist they would have nothing to worry about.
@@keypeng4164 trust me, it makes perfect sense in my field. Patients trust their dentist over time and are more than willing to change to a clinic across the street if their doctor moves there. Goodwill in dentistry is very strong compared to other fields. The point I’m getting at is that noncompetes need to be regulated, not banned entirely. Right now, my noncompete is absurd; I can’t practice within 5 miles of the center of a city after quitting, effectively blocking the entire city out. But I would understand a much smaller noncompete, like maybe a 1-2 mile radius around my boss’s practice. That would allow me to practice around the city still, while not trying to steal from my employer’s business.
Thank god. This came late for me. In 2020 My company changed comp plan and so i quit and started my own business. They then sued me for violation of non-compete and forced me into bankruptcy. Then i had to wait 2 years before i could even get a job back in the same industry. I nearly lost my house. Non-competes are terrible and anti free market
Please make one correction, it DOES apply to senior executives. Only existing contracts are enforceable in their case. It's stated many times in their final ruling.
Hosts are so ignorant about how low paid workers are forced into non-compete clauses. This is a big deal from anyone from fast food workers to nurses and doctors. They're so unaware that millions of low wage workers, medical field workers, people in less well paid sports, etc. are often forced into non-compete agreements. There are industries where having non-compete makes sense (mainly financial/positions in high level tech). Those are not the ones that are going to be affected--which makes sense. What this is going to do is benefit the workers where this is used to suppress wages and poach labor.
If you’re not going to forgive our crippling student loans then atleast allow our generation the ability to move up. Atleast let us work for who we want to work.
About time! Corporate crooks use this at the lowest hourly worker level to pay for their private planes. Upper level management get fluffy compensation packages to leave while lower level hourly workers get sued for daring to leave. Guess what folks…. You can and will be sued if you terminate involuntarily (your employer lets you go for any reason including staff reduction) because corporations have these attorneys on speed dial to send letters to you and your new employer. Ask yourself why this wasn’t explained to you in the pile of paperwork you were asked to sign? Greed and deceit on behalf of your employer. PRIVATE EQUITY companies that purchased the company you are working for are notorious for this practice. It’s the only way they can retain employees because they are there for one thing - PROFIT at any price.
Employers might have had a point...until they stepped over the line and slapped them on fast food workers, for example. Which is indefensible. I mean, give me a break, I'm sure the guy making $15 cares. He doesn't. He's got enough problems making ends meet.
You cannot be a capitalist and be for non-competes. If you believe in the free market and that people are free to choose, then the employer has no right to infringe on those rights. Just because it’s in a contract doesn’t make it right.
There is no threat to a customer's relationship with a company posed here. What you really mean even if you don't realize it, is it threatens a company's ability to hold captive customers relationship with people. Company's have no right to own people, although many seem to think they should. Corporate IP law is a separate parasitic abuse to extract the value contribution of creative technical employees in exchange for the same wages that talking heads on zoom calls all around them receive. America has become so corrupt, so anti-competitive(there is no free market, everything is a racket), so completely detached from the fundamental relationship between ownership and responsibility, its no wonder so many kids think capitalism is the problem.
Most non-competes don't exist in perpetuity, so there's always a risk of proprietary info being leaked. But there will still be prosecution cases or lawsuits to be made in suspected cases of industrial espionage, copyright and patent infringement, etc. You could still install language in a contract involving not sharing information directly with a competitor (monetary penalties, right to sue, etc), you just can't prevent them from working for a competitor or in the general area/field. Not perfect by any means, but what we currently have has gotten egregious. A person shouldn't have to pack up their family and leave the state in order to get a new job in the field they're trained for. At this point it's used often more as an employee retention tool than a informational safeguard.
There are still laws/regulations/contract provisions which protect proprietary information. You don't OWN your employees! "How ahm ah gonna grow this cotton without slaves"?
What about innovation driven small businesses ? There may be a few dozen tech leads having critical knowledge of the cutting edge technology they are working on. Do businesses make all of them senior level executives?
A lot of small businesses can't even start because workers are forced into non-compete clauses. Also, this doesn't affect every non-compete and will mostly be benefitting workers in sectors like healthcare, fast food, casino workers, etc. where there is very little justification for having a non-compete clause other than a business wants to hoard labor and keep wages low due to reduced competition. You already have comments in here showing that doctors can't leave a hospital for another hospital in a surrounding area and someone working at Jimmy Johns are/were in non-competes.
The reason you stay at the startup is the equity not the pay. That is what vesting clauses are for. The thinking is when you exit you’ll make a huge payday in return for the reduction in salary
I can't wait for corporate America with their 10 private jets to start complaining about how unfair this decision is for them not the workers. That's the thing about corporate America. It's always about them, never about the workers who made them be able to afford 10 private jets in the first place. Have to worry about company secrets getting out then patent the idea. Remember anyone who's against this bill will always look at it in a business perspective rather than the employees who is barely making a living.
You figure it out on your own. Isn't that what you were requiring your employees under the agreement to do if they wanted to leave? Congratulations; now you actually have that free market you've always talked about.
Lower level employees.... so unless your company is stonewalling your progress in the job ladder climb it does not really matter as you would not be exposed to that tech...
California has banned non-competes and most of the tech giants like Google and Apple are based in California anyways. Non competes don’t actually increase innovation, they only serve to stifle wages.
I work in IT, no one outside of high level executives has access to that kind of data. It’s purposefully silo’d for a reason. And any company with decently governance strategy should be doing that
No reason to be against it but not much of a reason to be for it. Never heard of one actually being enforced. Maybe for millionaire tech workers in San Francisco.
![ใจเสาะบนเกาะนาคี - อ๊ะอาย สกุณาพร เสียงวิหค [Official MV] | ค่ายเพลงเป็นหนึ่ง](http://i.ytimg.com/vi/jbcmGQkfyOg/mqdefault.jpg)
I have to say, this is the best thing the Biden administration has done and I’m not even a Democrat. Great news.
Republicans will send this to the supreme court and it will be overturned sadly. Corporations will never allow people the ability to look and find better paying jobs without taking huge losses. Business owns us and they will never give up. The corruption is deep seated.
Neither am I, but I couldn’t agree more. This is awesome, this just puts more power in the hands of workers in a way that I think it’s just gonna be really positive for normal people.
Then remember: vote for Trump, and his appointees will repeal this. Vote Biden!
@@goinggoinggone535 Repeal you mean
Maybe you should be. They've been on this side of workers since forever.
Good, non competes are corrupt as hell
What is a non compete clause?
Especially when an employer can fire you at anytime in most states. Some employers non-competes go as far that if they lay you off you can't work in the industry which is ridiculous. Talk about completely hosing someone's life if they're in a niche industry.
Excellent news. People can get paid what they deserve in an age where companies do not care about their employees
One of the best, most helpful, things the FTC has done in decades.
I am a Republican, and I have to say, good job on this Joe Biden.
Same I'm Trump. But Biden finally did something good lol
I'm a dentist and am locked in an absurd non-compete clause. Finally the Feds did something right! Looking for places to open my own practice right now!
Hopefully the ruling stays though
It is ridiculous, why people should be limited to work???
One of the best pieces of news for the workers in a long time. Thank you FTC and Biden!
Finally! My best friend’s dad can switch to a new hospital. He works in a smaller town and he’s a heart surgeon - they won’t let him leave!
This needs to be shouted from the rafters. This is a major win for american workers.
you cant have non compete and at will employment
in IT, we have that in our contracts ...
@@abczwq8364 illegal
Very positive outcome from government for once! Next up: arbitration clauses?
Arbitration is such a crock.
Lina Kahn is so fire! This is awesome and a win for America! This will help both workers and businesses, but know business will fight it since it helps others and not just them
Why were these ever allowed
I was broke and working for a company that was shady as hell, when I left they sued me for a million dollar and it took me a year to fight, I made about 40k a year and was a saleperson. This is good news for regular humans, the 99%.
You are not free if you cannot switch jobs when you want. Good job team Biden
Non competes hurt the family the most
I work in medical field and I’m in a contract in which I cant work in the state I live for two years. It’s absurd!
They actually cite this example in the FTC letter stating the why behind their decision. Best friend’s dad is a heart surgeon in a smaller town in Michigan. They said he can’t leave! But they put him on leave due to budget cuts!
@@txbre8758 wow. That is wild!
Agreed imagine if hospitals ran on merit vs logistics your just a number to them your life a cost your constantly failing to meet their quotas on for their share holders why most organs go to waste why find ways to try and keep that kdiney for 12 more hours and find new innovative ways to succeed thru big data to save your life
The title should be: FTC releases more employees from non-compete clauses, can you believe they were even a thing?
Amazing, I lost my job, got a job offer somewhere else and couldnt take it because of non compete. 🎉
Same. But employers can fire, hire and replace you anytime. Not to mention they can lower your commission etc
Good! I had no choice but to sign one that came out of nowhere. They can also quit asking your salary and earnings history.
Guess who was against this great news? US Chamber of Commerce, go figure.
This is THE START of some really great news for us - we all the know the extremely generous folks in the chamber of commerce are for SOME REASON not too excited about this ruling.
I’m curious though if trying to circumvent the ban by sneaking new clauses into “non-solicitation” and “non disclosure” agreements will he punishable by the FTC.
I have a non compete clause in my company retirement shares which pay out quarterly over 5 years. One other colleague who had the same deal retired got fed up went to consult for a competing company and is in the middle of a horrible lawsuit. It’s cost him over $20000.00 to defend himself. These are large deferred comp payments.
This is great news!
Excellent!!!!
when i was a freshman in college i had to sign a non compete clause to work at jimmy john’s lol
I love how CNBC makes this seem like a bad thing.
It's a bad thing for their overlords, that's why.
Yeah but just watch - it'll go to SCOTUS and they'll side with business.
Unfortunately, you're probably right🙄😞
I love how both of these guys are making sure that they clearly define themselves so they are not "Senior Executives." Basically they're like, "hey in 180 days, I'm available."
Holy shat, this news is worthy of a fiesta!!! Yayyyyyyyy!
Very odd. They normally never, ever do positive things like that without reason.
They’ve been talking about this since 2020 as part of Biden’s campaign. Not odd at all
Preventing someone not being able to find work in their field is ludicrous. You could lose your skills in a year. If anything this noncompete clause is unconstitutional.
Boooyah
Wow. Thats fantastic!
And that's a good thing.
There is no reason anyone can be against this. non compete clauses make sense for executives or high level managers with sensitive trade secrets but are just monopolistic behavior when applied to your average worker.
Let the free market work.
This is exactly NOT letting the free market work. This is the gov regulating businesses, which it should..
The paradox of the free market is that in order for it to work, it cannot be free. For a market system to work, Human and Real capital must be free to move and flow. Otherwise it all just monopolizes and you end up with communism with prettier paint and somehow fewer human rights.
While un-regulated noncompetes are extremely against employees, I think banning it entirely can be very damaging to many employers.
I'm a dentist. I've always signed non-competes when I work as an associate. If there is no non-compete, I could simply build trust with my boss's patients, quit, then build a practice across the road from my boss to try and steal his patients. Likewise, let's say my boss announces retirement and sells his business to me. He could theoretically say "just kidding", build a business across the road, then try and steal all the patients I just paid for.
I'm not saying we should keep non-competes unregulated; they are really out of control. But I do sympathize with my boss in this situation; cutting it entirely can be really damaging.
@@Trewq79 that scenario doesn’t make any sense. Patients and customers don’t just leave on a whim and to use your example if your boss was a good dentist they would have nothing to worry about.
@@keypeng4164 trust me, it makes perfect sense in my field. Patients trust their dentist over time and are more than willing to change to a clinic across the street if their doctor moves there. Goodwill in dentistry is very strong compared to other fields.
The point I’m getting at is that noncompetes need to be regulated, not banned entirely. Right now, my noncompete is absurd; I can’t practice within 5 miles of the center of a city after quitting, effectively blocking the entire city out. But I would understand a much smaller noncompete, like maybe a 1-2 mile radius around my boss’s practice. That would allow me to practice around the city still, while not trying to steal from my employer’s business.
I’m impacted. Non compete sucks!!
Thank god. This came late for me. In 2020 My company changed comp plan and so i quit and started my own business. They then sued me for violation of non-compete and forced me into bankruptcy. Then i had to wait 2 years before i could even get a job back in the same industry. I nearly lost my house. Non-competes are terrible and anti free market
First not legal in the first place and second who allowed the FTC to make law.
Thank god. Now we can get paid what we are worth.
Please make one correction, it DOES apply to senior executives. Only existing contracts are enforceable in their case. It's stated many times in their final ruling.
Hosts are so ignorant about how low paid workers are forced into non-compete clauses. This is a big deal from anyone from fast food workers to nurses and doctors. They're so unaware that millions of low wage workers, medical field workers, people in less well paid sports, etc. are often forced into non-compete agreements. There are industries where having non-compete makes sense (mainly financial/positions in high level tech). Those are not the ones that are going to be affected--which makes sense. What this is going to do is benefit the workers where this is used to suppress wages and poach labor.
Wow! FTC for the win :)
Can you work for a competitor while still being employed by someone ?
Does this include unions non-compete clauses?
Sound decision.
LETSS GOOO
Non competes go against free market capitalism.
Hopefully it’s retroactive
Cool. Can we raise minimum wage yet?
If you’re not going to forgive our crippling student loans then atleast allow our generation the ability to move up. Atleast let us work for who we want to work.
20% of american workers have a non-compete? i doubt that.
About time! Corporate crooks use this at the lowest hourly worker level to pay for their private planes. Upper level management get fluffy compensation packages to leave while lower level hourly workers get sued for daring to leave. Guess what folks…. You can and will be sued if you terminate involuntarily (your employer lets you go for any reason including staff reduction) because corporations have these attorneys on speed dial to send letters to you and your new employer. Ask yourself why this wasn’t explained to you in the pile of paperwork you were asked to sign? Greed and deceit on behalf of your employer.
PRIVATE EQUITY companies that purchased the company you are working for are notorious for this practice. It’s the only way they can retain employees because they are there for one thing - PROFIT at any price.
Good
🇺🇸💪🏻
Employers might have had a point...until they stepped over the line and slapped them on fast food workers, for example. Which is indefensible. I mean, give me a break, I'm sure the guy making $15 cares. He doesn't. He's got enough problems making ends meet.
Lina Khan 2028
Woo, I can finally switch jobs.
You cannot be a capitalist and be for non-competes. If you believe in the free market and that people are free to choose, then the employer has no right to infringe on those rights. Just because it’s in a contract doesn’t make it right.
don't forget TENNIS COACHES!
What about non competes that have already been signed
He said that condition is included a few times in this video. Only exception is senior executives positions
☺️☺️☺️☺️☺️☺️🥰🥰🥰
Employees now need to take care of their employees.
Really hard to retain proprietary information and knowhow within a company then. Threatens a company's customer relationships and their IP.
What you are saying is true but I’d rather that than hurt individual’s liberty.
There is no threat to a customer's relationship with a company posed here. What you really mean even if you don't realize it, is it threatens a company's ability to hold captive customers relationship with people. Company's have no right to own people, although many seem to think they should. Corporate IP law is a separate parasitic abuse to extract the value contribution of creative technical employees in exchange for the same wages that talking heads on zoom calls all around them receive. America has become so corrupt, so anti-competitive(there is no free market, everything is a racket), so completely detached from the fundamental relationship between ownership and responsibility, its no wonder so many kids think capitalism is the problem.
Most non-competes don't exist in perpetuity, so there's always a risk of proprietary info being leaked. But there will still be prosecution cases or lawsuits to be made in suspected cases of industrial espionage, copyright and patent infringement, etc. You could still install language in a contract involving not sharing information directly with a competitor (monetary penalties, right to sue, etc), you just can't prevent them from working for a competitor or in the general area/field. Not perfect by any means, but what we currently have has gotten egregious. A person shouldn't have to pack up their family and leave the state in order to get a new job in the field they're trained for. At this point it's used often more as an employee retention tool than a informational safeguard.
There are still laws/regulations/contract provisions which protect proprietary information. You don't OWN your employees! "How ahm ah gonna grow this cotton without slaves"?
What about innovation driven small businesses ? There may be a few dozen tech leads having critical knowledge of the cutting edge technology they are working on. Do businesses make all of them senior level executives?
A lot of small businesses can't even start because workers are forced into non-compete clauses. Also, this doesn't affect every non-compete and will mostly be benefitting workers in sectors like healthcare, fast food, casino workers, etc. where there is very little justification for having a non-compete clause other than a business wants to hoard labor and keep wages low due to reduced competition. You already have comments in here showing that doctors can't leave a hospital for another hospital in a surrounding area and someone working at Jimmy Johns are/were in non-competes.
The reason you stay at the startup is the equity not the pay. That is what vesting clauses are for. The thinking is when you exit you’ll make a huge payday in return for the reduction in salary
Capitalism is competition.
What about IP protection when it comes to company secrets and scientific/ financial data.
I despise Biden, but he made the right move.
What about preexisting case law decisions on non-competes? How does the FTC have the authority to decide contract law?
I can't wait for corporate America with their 10 private jets to start complaining about how unfair this decision is for them not the workers. That's the thing about corporate America. It's always about them, never about the workers who made them be able to afford 10 private jets in the first place. Have to worry about company secrets getting out then patent the idea. Remember anyone who's against this bill will always look at it in a business perspective rather than the employees who is barely making a living.
OK, so what protects me as the employer from employees stealing my clients??? That’s what I want protection from.
If clients want to leave they have that choice. Provide the better service and you will be fine
You figure it out on your own. Isn't that what you were requiring your employees under the agreement to do if they wanted to leave? Congratulations; now you actually have that free market you've always talked about.
We need this in Canada. This is indeed the best thing Biden has done for USA this year so far.
So, any new expensive tech should be developed outside the usa to safeguard employer investments?
Lower level employees.... so unless your company is stonewalling your progress in the job ladder climb it does not really matter as you would not be exposed to that tech...
California has banned non-competes and most of the tech giants like Google and Apple are based in California anyways. Non competes don’t actually increase innovation, they only serve to stifle wages.
tell me you didn't do your research without telling you you didn't do your research.
I work in IT, no one outside of high level executives has access to that kind of data. It’s purposefully silo’d for a reason. And any company with decently governance strategy should be doing that
Noncompetes was already illegal in California where silicon valley is.
No reason to be against it but not much of a reason to be for it. Never heard of one actually being enforced. Maybe for millionaire tech workers in San Francisco.
Steven Crowder from Louder with Crowder had Jared sign one and enforced it so hard, Jared couldn't get work without getting terminated
A lot of people want you to sing non-competes, then they treat you like garbage and have you hooked.
Good