I though capitalism (Wall Street) was about competition. /s
What you're trying to say is there's limited alternatives. (The most obvious alternative is to not take the job)
Pretending like the situation is that extreme isn’t helping anyone.
But HCE’s who deal with intellectual data (not burgers) all day long? Maybe, maybe not.
The point is it’s a choice to sign these contracts. Not every company makes you sign one. If it’s important to you, ask about it upfront in the interview process so it doesn’t turn into a “life or death” decision after you’ve accepted a verbal offer.