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FTC Head: Noncompetes Depress Wages and Kill Innovation (nytimes.com)
4 points by HillRat on Jan 9, 2023 | hide | past | favorite | 1 comment



The example about security guards is pretty outrageous, given the size of the penalty ($100k), the duration (multiple years), and the fact that there aren't any trade secrets involved with security guarding. Does the FTC's proposed rule just go after this type of noncompete? I thought they were targeting all of them. If so, my guess is that's their 'opening bid', and they're expecting pushback from industry. Then they'd decide on a final regulation that reaches a more reasonable position — and made it appear they had given up ground.




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