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[return to "New York may ban noncompete employment agreements and Wall Street is not happy"]
1. ajb+d7[view] [source] 2023-11-18 09:21:34
>>pg_123+(OP)
After noncompetes, they should go after non-solicitation. Entire teams that work well together should be able to defect from shitty employers. It kind of happens anyway but on the quiet, inefficiently - I'd love to see a job website where you can list an entire team.
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2. golerg+fh1[view] [source] 2023-11-18 17:11:52
>>ajb+d7
It is always cheaper to buy off a team that has developed internal knowledge and cohesion with higher salaries than invest in a few years of forming such a team. Same with a junior who have been mentored and trained. Regardless of whether the previous employer was shitty or not.

If you make companies unable to protect something, they will stop investing in building it. I don’t blame you, people almost never think about second order consequences for things they propose. But banning non-compete and non-solicitation will mean that companies will be much less willing to invest into their teams and non-senior employees.

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3. ajb+wj1[view] [source] 2023-11-18 17:24:31
>>golerg+fh1
Ok, the argument that giving employees more bargaining power vs their employers will somehow make the bargain they end up with poorer. This is not convincing, and nor is your unjustified patronising assumption about how much I have thought about this.
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