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I mostly think this is a good thing, but there are some fields where I feel like employers will have to take other precautions that are not as nice. Most of us
by kmod 4y ago
I mostly think this is a good thing, but there are some fields where I feel like employers will have to take other precautions that are not as nice.
Most of us here are in tech where "ideas are cheap" is mostly true and commonly thought, but there are other fields (in particular, finance) where single ideas can easily be worth millions of dollars. (Imagine something like "the stock market goes down on Friday the 13th's".) How are employers supposed to let employees know these ideas? If there aren't noncompetes then I suspect employers will limit employees (and their growth) in other ways.
At least here in NY firms will pay ex-employees during their non-compete. My understanding though is that they only have to pay the base salary, which is usually a minority of the total compensation (even guaranteed compensation). Would be nice if that were fixed.
- lucasgonze 4y agoI doubt employers just won't hire. That would be self defeating. They'll look to protect their trade secrets in other ways, mainly through aggressive enforcement of non-disclosure agreements.