White House Urges Bans of Non-Competes
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Well this is some news that many that work in TV would love to see become law.
The White House has come out, urging a ban against non-compete agreements, saying it would lead to a more competitive labor market and faster wage growth.
"(Workers) can't reach their true potential without freedom to negotiate for a higher wage with a new company, or to find another job after they've been laid off," Vice President Joe Biden said.
Nearly every state allows non-compete agreements, and legal battles over their validity are common. Courts in determining whether the agreements are lawful generally focus on the length of time they are in effect, their geographical limits and whether employees had access to trade secrets.
The Obama administration on Tuesday also urged states to ban non-compete agreements that are not proposed before a job offer or promotion is accepted and said employers should not be able to enforce the agreements when workers are laid off.
The White House said 20 percent of U.S. workers are bound by non-compete agreements, including 14 percent of those earning less than $40,000 per year.
H/T NBC News
