“In particular, 80% of voters or more want the government to use leverage to bring down costs of essential #drugs or treatments such as insulin or inhalers, investigate #bigoil companies for inflating #gas prices, enforce #RightToRepair rules, ban #noncompeteagreements , and break up monopolies like #ticketmaster

#Inflation #HarrisWalz #election2024

More Perfect Union on Instagram: "Lina Khan is public enemy no. 1 for billionaire megadonors. Why? Because she approaches her work in government like few others: by analyzing who has too much power, and who has too little. We asked her to explain her approach in a new interview."

10K likes, 289 comments - perfectunion on July 31, 2024: "Lina Khan is public enemy no. 1 for billionaire megadonors. Why? Because she approaches her work in government like few others: by analyzing who has too much power, and who has too little. We asked her to explain her approach in a new interview.".

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Self-Publishing News: Legal Changes Impacting Authors, from Noncompete Agreements to Payment Regulations https://selfpublishingadvice.org/noncompete-agreements/ #FederalTradeCommission #latepaymentpublishing #noncompeteagreements #CanadaCopyright #News
Self-Publishing News: Legal Changes Impacting Authors, from Noncompete Agreements to Payment Regulations

On Self-Publishing News, Dan Holloway reports on the Federal Trade Commission voting to ban noncompete agreements.

The Self-Publishing Advice Center

#NonCompeteAgreements are especially challenging in small industry sectors like #AI and for non-commodity #RubyLang jobs. While already unenforceable in some places, large companies that engage in #venueshopping made this a burdensome issue for many specialists.

Great to see progress being made on this!

https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan

FTC bans noncompete agreements for workers

"The new rule requires companies with active noncompete agreements to inform workers that they are void"

Gifted

https://wapo.st/4d8O9cO

#WaPo #FTC #noncompete #noncompeteagreements #regulation

FTC bans contracts that keep workers from jumping to rival employers

The rule makes it illegal to include the agreements in employment contracts and requires firms with active noncompete agreements to inform workers they are void.

The Washington Post

As Lazare points out, bondage fees are basically just a wrinkle on an existing scam: #NoncompeteAgreements, which bind *one fifth* of the US workforce, prohibiting workers from switching to a competitors' shop. While noncompetes are lauded as a way of protecting the assets of "knowledge" firms, the vast majority of workers chained to their jobs with noncompetes are low-waged workers in the fast-food sector.

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Two years ago, Khan began an in-depth investigation into the use of #NonCompeteAgreements in the US labor market.

https://www.ftc.gov/news-events/events/2020/01/non-competes-workplace-examining-antitrust-consumer-protection-issues

This investigation created an extensive evidentiary record on the ways that workers are harmed by these agreements, and collected empirical observations about whether industries really needed noncompetes to thrive.

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Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues

On January 9, 2020, the Federal Trade Commission held a public workshop to examine whether there is a sufficient legal basis and empirical economic support to promulgate a Commission Rule that woul

Federal Trade Commission

Over the Christmas break, even as the airline industry was stranding Americans far from their families, Khan proposed a rule to ban #NoncompeteAgreements, which are widely used to prevent low-waged workers like fast-food cashiers from quitting their jobs and seeking better pay from competitors:

https://mattstoller.substack.com/p/antitrust-enforcers-to-ban-indentured

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Antitrust Enforcers to Ban Indentured Servitude

Yesterday, the Federal Trade Commission proposed a ban on non-compete agreements that prevent workers from switching jobs. This move could boost wages by $300 billion a year, or $2000 per worker.

BIG by Matt Stoller
Why America's FTC Proposed Banning 'Noncompete' Agreements for Workers - Slashdot

America's Federal Trade Commission "took an a bold move on Thursday aimed at shifting the balance of power from companies to workers," reports NPR: The agency proposed a new rule that would prohibit employers from imposing noncompete agreements on their workers, a practice it called exploitative an...

#FTC settles with 3 companies that used #NonCompeteAgreements

“The FTC estimates that banning noncompetes nationwide would raise workers' wages by $250 to $300 billion a year.” https://www.cbsnews.com/news/noncompete-agreement-feds-sue-3-companies-that-prevented-employees-from-leaving-for-competitors/

Company threatened to fine low-wage workers $100,000 if they left for a competitor, feds say

Federal Trade Commission is cracking down on coercive employment agreements that keep workers bound to their jobs.

CBS News