More Legislatures Should Pass Broad Noncompete Bans
By Joseph Abboud (February 26, 2020, 5:38 PM EST) -- A recent survey by the Economic Policy Institute and the Survey Research Institute at Cornell University showed that millions of private sector workers across the country have signed noncompete agreements, limiting their right to work after leaving their current jobs.
Although companies sometimes have legitimate concerns about their proprietary or confidential information, which noncompete agreements can protect, the widespread, indiscriminate use of such agreements suggest they are doing more harm than good.
Limiting workers' mobility decreases their bargaining power, putting underpaid workers in the untenable position of maintaining the status quo and hoping for a raise, or leaving their jobs without...
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