- cross-posted to:
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- cross-posted to:
- [email protected]
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.
the fact that non competes and NDAs are a thing upon leaving a company is fucking insane to me, seems like blackmail at best and straight illegal at worst.
But what do i know, i just like having rights.
the fact that non competes and NDAs are a thing upon leaving a company is fucking insane
Non-competes are completely evil. Especially so in fields requiring very specialized skillsets. And even more so when the company insisting on the non-compete lays off people.
How the fuck is someone supposed to keep a roof over their head in a situation like that?
Worker: “Well, I got laid off from the job I’ve been working for the last 20 years, but at least I have the skills I picked up along the way!”
Company: “Actually, those belong to us too.”
Wow that’s actually good. So who did this, where’d they put the original people, and how can we replicate the results with every other regulatory body?
If you were as confused by this as I was:
Shortly after the vote, the U.S. Chamber of Commerce said it would sue the FTC to block the rule
The US Chamber of Commerce is a right-wing lobbying group for businesses, unrelated to the US Department of Commerce which is an actual government agency.
https://en.m.wikipedia.org/wiki/United_States_Chamber_of_Commerce
Is this as big as it sounds? It sounds big.
Yes, this is a big fucking deal.
NDA is different than noncompete. Two companies sign an NDA so they can work together for example without fear the one or the other will disclose secrete information. Same between two regular folks. Like if I’m working on some plastic gizmo and I need to have a part made, I don’t just send it out to any machine shop. I first ask them to sign my NDA so they don’t just figure out my part and start selling it under a different name. 99% of the time there’s no need, but that 1%, that’s when you could be sitting on a goldmine and you end up giving it away for nothing.
Good news.
Vote went along party lines.
But MuH bOTh SiDeS, right guys?