Log in
Register
Search
Search titles only
By:
Search titles only
By:
Forums
New posts
Forum list
Search forums
Leaderboards
Games
Our Blog
Blogs
New entries
New comments
Blog list
Search blogs
Credits
Transactions
Shop
Blessings: ✟0.00
Tickets
Open new ticket
Watched
Donate
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Forums
Discussion and Debate
Discussion and Debate
News & Current Events (Articles Required)
FTC Announces Ban on Non-Competes
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="o_mlly" data-source="post: 77653378" data-attributes="member: 434838"><p>Did your research find this article?</p><p></p><p>[URL unfurl="true"]https://www.forbes.com/sites/aldenabbott/2024/04/23/ftc-rule-barring-non-compete-agreements-likely-will-fail/?sh=23b5d9116193[/URL]</p><p></p><p style="margin-left: 20px"><em>The proposed rule also failed to cite <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3513639" target="_blank">FTC staff economist John McAdams</a>, who had demonstrated that there is no research consensus on whether non-competes positively or adversely impact training, wages, information sharing, firm entry, and innovation.</em></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"><em>Furthermore, we document work by multiple economists ignored by the FTC indicating that a ban would reduce innovation by reducing human capital investments (training of high-skilled workers) and the necessary R&D.</em></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"><em>In addition, the economic costs of a non-compete ban <a href="https://www.csis.org/analysis/noncompete-agreements-innovation-and-national-security" target="_blank">could</a> have negative national security implications, according to a June 2023 Center for Strategic and International Studies paper coauthored by former Undersecretary of Commerce for Intellectual Property Andrei Iancu. This research concludes that non-competes “stem the transfer of valuable IP from U.S. firms to foreign competitors … This strengthens the U.S. innovation system and enhances the United States’ economic growth, global competitiveness, and national security.”</em></p></blockquote><p></p>
[QUOTE="o_mlly, post: 77653378, member: 434838"] Did your research find this article? [URL unfurl="true"]https://www.forbes.com/sites/aldenabbott/2024/04/23/ftc-rule-barring-non-compete-agreements-likely-will-fail/?sh=23b5d9116193[/URL] [INDENT][I]The proposed rule also failed to cite [URL='https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3513639']FTC staff economist John McAdams[/URL], who had demonstrated that there is no research consensus on whether non-competes positively or adversely impact training, wages, information sharing, firm entry, and innovation.[/I][/INDENT] [INDENT][I][/I][/INDENT] [INDENT][I]Furthermore, we document work by multiple economists ignored by the FTC indicating that a ban would reduce innovation by reducing human capital investments (training of high-skilled workers) and the necessary R&D.[/I][/INDENT] [INDENT][/INDENT] [INDENT][I]In addition, the economic costs of a non-compete ban [URL='https://www.csis.org/analysis/noncompete-agreements-innovation-and-national-security']could[/URL] have negative national security implications, according to a June 2023 Center for Strategic and International Studies paper coauthored by former Undersecretary of Commerce for Intellectual Property Andrei Iancu. This research concludes that non-competes “stem the transfer of valuable IP from U.S. firms to foreign competitors … This strengthens the U.S. innovation system and enhances the United States’ economic growth, global competitiveness, and national security.”[/I][/INDENT] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Discussion and Debate
Discussion and Debate
News & Current Events (Articles Required)
FTC Announces Ban on Non-Competes
Top
Bottom