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This is obviously great for workers and competition. It's actually good for companies too, even if they are too short sighted to realize it. See: silicon valley
by grumple 4y ago
This is obviously great for workers and competition. It's actually good for companies too, even if they are too short sighted to realize it. See: silicon valley.
- thwayunion 4y agoWhat you're missing is that most wealthy decision makers have highly concentrated holdings, so a general raise in national wealth doesn't necessarily provide them with a net benefit. Ending non-competes would be good for GDP growth and the US economy writ large. But it's not necessarily for any particular company. See: all the businesses killed off by silicon valley. Similar to how rent collection is a massive drag on economic productivity but fixing the housing crisis would be terrible for certain rent extractors in particular.