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The FTC Just Banned Noncompete Agreements And It's A Huge Deal
(www.huffpost.com)
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this post was submitted on 23 Apr 2024
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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.