Unfortunately the FTC just voted to ban noncompetes.
As Commissioner Wilson notes in her dissent, though FTC pays lip service to the diminished incentive to train employees:
“there is evidence that non-compete clauses increase employee training and other forms of investment,”they dismiss its importance.
This is a time-honored political tactic--when banning a practice, ignore its benefits and tout its costs--but it sets a bad precedent and undermines Agency credibility.
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