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The FTC Just Banned Noncompete Agreements And It's A Huge Deal (www.huffpost.com)

submitted 6 months ago* (last edited 6 months ago) by silence7@slrpnk.net to c/politics@lemmy.world

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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.

New York Times coverage for comparison

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[-] FlowVoid@lemmy.world 9 points 6 months ago* (last edited 6 months ago)

An NDA cannot be used to stop you from reporting a crime to the police or filing a lawsuit.

[-] Buddahriffic@lemmy.world 6 points 6 months ago

Yes, but it can be used to prevent you from informing other people being exploited by the other party about how you fought them and how it worked out for you. In theory anyways, I'm not aware of any cases where such an NDA was breached and a lawsuit resulted. The Streisand effect might actually prevent some companies from following through and they hope the presence of the NDA is enough of a deterrent. Or maybe the courts are liberal with gag orders about such cases.

[-] FlowVoid@lemmy.world -1 points 6 months ago

If other people are being exploited, they need a lawyer. A lawyer will have much better advice than you on how to fight back.

If you know other people are being exploited, nothing stops you from suggesting they get a lawyer. And if you have relevant evidence, a lawyer can subpoena it even if it's under NDA.

[-] timewarp@lemmy.world 2 points 6 months ago* (last edited 6 months ago)

LOL. "Excuse me sir. It looks like you're about to be homeless. You could really use a lawyer right now. Why don't you come up with 20k for a retainer instead?"

[-] FlowVoid@lemmy.world -1 points 6 months ago* (last edited 6 months ago)

If you are about to become homeless, then you really need a lawyer. It's not like someone under an NDA knows the One Weird Trick that will let you keep your home.

[-] timewarp@lemmy.world 0 points 6 months ago

Actually, in many cases courts have permitted employers to compel arbitration even against civil RICO claims.

[-] FlowVoid@lemmy.world 2 points 6 months ago

That has nothing to do with an NDA. An NDA limits what you can say, an arbitration agreement limits how you can pursue a civil claim.

this post was submitted on 23 Apr 2024

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