Federal Trade Commission votes to ban most noncompete agreements
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11 днів томуThe Federal Trade Commission has voted to ban almost all noncompete agreements between companies and their employees. The ban also applies to any existing noncompete agreements. Editor-in-Chief at Investopedia, Caleb Silver, breaks down what this means for employees and businesses.
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#FTC #noncompete #FederalTradeCommission
@nathanlim5421 10 днів тому
If you can be fired at any time for any reason, it's only fair that you can quit and find a new job at any time for any reason.
@brettff 9 днів тому
Hmm
@vincesmith2499 9 днів тому
No. Not if you sign a contract saying you can't.
@geoffrayylmao 9 днів тому
@vincesmith2499 so i can be fired, at anytime, but cant get a job after an arbitrary amount of tine decided by the previous employer? yeah no, bs
@vincesmith2499 9 днів тому
@@geoffrayylmao It's not arbitrary, since you AGREED TO IT. Maybe don't agree to it next time.
@geoffrayylmao 9 днів тому
@@vincesmith2499 then i wouldnt have a job, and then cant eat, especially if its the only business in the area that requires my skills, because i dont have a job, i cant move, eat, etc. non competes dont make sense, and just because its on a paper you agreed too, doesnt mean it should be legally binding, otherwise people could sign themselves into literal slavery, but thats not moral either
@Ali-cf5lm 9 днів тому
This is fantastic news! I've been with a company that underpays me for my projects, while another company offers significantly higher compensation for the same work. Unfortunately, my current contract includes a non-compete clause that prevents me from working with any competitors on the same project during my tenure and for a year after leaving. This makes it impossible for me to switch to the better-paying company for the same project
@williamtharpe4252 9 днів тому
In the same boat. This is great news!
@janiekcarney5482 10 днів тому
That’s great. Thank you all.
@bkstandard882 8 днів тому
I love this news. I'm a vendor for an IT company at a hospital. They forced me to sign one of those.
@aaronrowepalmer 10 днів тому
Good job!
@aaronrowepalmer 10 днів тому
Next stop drug companies from continuous renewal of patents. Patents were only ever supposed to last a short, reasonable time. (e.g. 20 years.)
@msoldate 8 днів тому
It’s simple, give an employee clear goals and reward them when they meet goals. That hasn’t been done and companies use these as tools to hold employees in their current roles.
@MrNiceGuy500 8 днів тому
I’ve seen people get 50% paycuts after signing one of these. Modern day slavery
@jefflassle6994 10 днів тому
In Oregon by law when an employee quits for whatever reason, the company can steal all earned income and investment in the company even when there is no violation of the contract. Then they defame ex-employees in the nationwide industry.
@hotshot-te9xw 10 днів тому
Does the non compete fix this or is this crap still going on?
@jefflassle6994 10 днів тому
@@hotshot-te9xw the ban fixes 99% of this.
@hellojams 9 днів тому
Yikes
@YeshuaKingMessiah 4 дні тому
Can steal all earned income Define that
@jefflassle6994 4 дні тому
@@YeshuaKingMessiah we got paid once yearly on commission and a small stipend monthly. They called the large check in the several hundred thousands of dollars a bonus, a legal trick to control employees. So, when you leave, that is all forfeited along with all the money that we were forced to buy company stock or lose our jobs. I lost millions when I left and didn't even break the contract's covenants. That's your definition. BTW, none of this was included in the signed contract about stealing unpaid income and investment.
@LoveForBluebirds 9 днів тому
GOOD! ANYTHING THE AHA IS AGAINST, I AM FOR! DOWN WITH THE AMERICAN HOSPITAL ASSOCIATION!
@kevinbohigas1542 9 днів тому
Here's to hoping
@txbre8758 6 днів тому
FANTASTIC NEWS. And will make sure to open the labor market up in a tight market. More competition and more workers
@HOHLfmly 6 днів тому
even Starbucks has a noncompete clause (6 months)which is ridiculous. Have shown that most of the noncompete clauses in the United States are for workers that make $13 an hour! I really don’t see any trade secrets being given to a $ 13-an-hour employees. This was used to retain employees.
@YeshuaKingMessiah 4 дні тому
So it is for baristas too? Just like waitresses don’t have to paid minimum wage even supposedly a min wage exists-it’s just for some/most, not all I rly wondered about this
@goodcitizen6334 8 днів тому
As a trainer/coach…finally! How I’ve had to limit my clientele should be illegal.
@ImMobile2014 7 днів тому
If employers want to enforce a non-compete they should be forced to pay the employee for the duration of the agreement after termination. This was an actual ruling in a friend of mine's case.
@Wongseifu548 6 днів тому
That puts an unrealistic burden on the employer
@YeshuaKingMessiah 4 дні тому
Cap
@MrNiceGuy500 9 днів тому
This is great news! I’ve seen these be used in horrible ways, I’ve seen families separated. Now it feels like America is more free! Life, liberty, and the pursuit of happiness!
@cmritchie04 4 дні тому
Toxic bosses are on high alert
@davidcouch6514 10 днів тому
The reason to job hop is to go with the employers trade secrets and customer lists etc.
@hellojams 9 днів тому
Companies can defend against this with NDAs.
@MrNiceGuy500 9 днів тому
No
@YeshuaKingMessiah 4 дні тому
Job hopping is to get salary increases and bennies/better bennies Companies won’t hire up from within anymore 🤷🏼♀️
@KH-gp5uf 8 днів тому
Capitalism for everyone !
@Overthinkingescape 8 днів тому
X gunna give it to u
@sense8371 8 днів тому
finally good news for once
@lucasgartley9603 3 дні тому
Does this include WWE?
@Dynamic_Mercenary 9 днів тому
Hopefully y'all got y'all pandemic jobs up to par .... something is brewing 👴🏾
@That_Romanian_ 10 днів тому
FIRSTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
@kronosaurelius 9 днів тому
This makes perfect sense ! I don't like unions because they benefit only a few employees to the disadvantage of every one else. But when a Democratic government set the rules of rhe game for everyone it is transparent and fair.
@Cavs1975 10 днів тому
Another day of teleprompter reading from slow joe and then runs off no questions 😂 banana republic
@johnwattdotca 9 днів тому
What a shallow comment. If you're in the dumpster with Trumpster, he also uses a teleprompter, and if he had stuck with it instead of partying behind the podium he could have been re-elected.
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