The FTC estimates about 30 million people, or one in five American workers, from minimum wage earners to CEOs, are bound by noncompetes. It says the policy change could lead to increased wages totaling nearly $300 billion per year by encouraging people to swap jobs freely.

  • acchariya@lemmy.world
    11·
    7 months ago

    If your friend paid a competitive wage with the other company using the same equipment, while also providing an equal or better working environment, he would be able to retain the employees, and find an equilibrium for those moving to and from his competitor.

    The only reason he would need a contractual limitation is if he was offering worse wages or a worse working environment.

    • TrumpetXEnglish
      4·
      7 months ago

      Counter point, the other company pays better because they save on training costs.

      3000 isn’t much when it comes to onboarding costs, so I don’t think that’s why, but imagine if it cost 10k,20k, etc.

      For clarity, I’m very much in favor of this ruling. But I also sympathize with the above reply.

        • knitwitt@lemmy.world
          1·
          7 months ago

          An employer could offer an immediate $15,000 signing bonus to anyone who already has the certification, effectively outsourcing their training costs while pocketing the extra 5k of the 20k true cost