3 ms·
So here's the part I am most confused about. Why is it the FTC regulating this? And I don't mean that in a "they shouldn't be doing this way" but more of a "how
by kneebonian 4y ago
So here's the part I am most confused about. Why is it the FTC regulating this? And I don't mean that in a "they shouldn't be doing this way" but more of a "how the hell did we get so dysfunctional that some random agency responsible for stocks and markets end up being the one having to implement this?" Why isn't the bearu of labor or anyone else getting involved it seems like at this point random beaurecrats are the ones having to address things because the legislative framework has completely broken down.
- midoridensha 4y agoIt seems like random bureaucrats are the only people keeping the American government from completely imploding, because the legislators sure aren't doing their jobs.
- ddtaylor 4y agoWhile I agree with your sentiment that our legislative branch is very under-performing right now due mostly to two-party politics, all enforcement of law comes down to the executive and judicial branches, so this action in that context makes sense.
- Guthur 4y agoIs there not a way to use the common law system. If the common view is that these agreements are an undue encroachment upon and individuals right to use their time as they see fit, then the cases would be thrown out and potentially some legislature will ultimately be put in place?
- kube-system 4y agoNoncompetes have already been thoroughly tested by the court systems in the states where they are legal. When I left a job with one, I called a local lawyer specializing in employment law and they were able to tell me exactly what provisions a state court would and would not uphold.
- Gibbon1 4y agoMy take is the opposite, after 40 years of the FTC being leashed by one 'pro business' administration after another, Biden's unleashed the dogs. Scare quotes because leashing the FTC is really about allowing monopolies to rip off workers and consumers. Not about being pro business.
- wnevets 4y agoYou don't see how non-competes can affect trade?
- loeg 4y ago> some random agency responsible for stocks and markets end up being the one having to implement this The FTC's mandate is not "stocks and markets." Are you thinking of the SEC?
- moandcompany 4y ago"The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation." https://www.ftc.gov/enforcement https://www.ftc.gov/enforcement "To foster, promote, and develop the welfare of the wage earners, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights." https://www.dol.gov/general/aboutdol https://www.dol.gov/general/aboutdol
- latency-guy2 4y agoSo it seems they have highly overlapping jurisdictions, question still stands though, why is the FTC particularly pushing this? Isn't it generally a good idea to compartmentalize agencies so they are not stepping on each others toes? I know this is still a problem between the FBI, CIA, DEA, ATF, etc., we know these agencies in particular had a huge historical problem with secrecy amongst themselves, even on the same programs Private corps are also not innocent of this, many companies are famously competing against each other internally, both in the literal sense by subsidiaries and like that org chart for MSFT.
- deleted 4y ago[deleted]
- ddtaylor 4y agoWork is the trade of labor for money.
- burnished 4y agoGood question, not worthy of the downvotes. I didnt know either and if you didnt ask that person that answered helpfully would not have done that