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https://www.bls.gov/opub/mlr/2022/article/noncompete-agreements-bargaining-and-wages-evidence-from-the-national-longitudinal-survey-of-youth-1997.htm https://ww
by anonymouskimmer 3y ago
https://www.bls.gov/opub/mlr/2022/article/noncompete-agreements-bargaining-and-wages-evidence-from-the-national-longitudinal-survey-of-youth-1997.htm https://www.bls.gov/opub/mlr/2022/article/noncompete-agreeme...
This is data from a longitudinal survey of which the respondents were 32-38 years old when in the 2017/2018 survey.
Scroll down to Table 1 and Chart 2 and it looks as though non-compete agreements affect about 1 in 11 people who make approximately minimum wage (presuming these self-reports are accurate), and increase in frequency from there.
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Non-competes for job creators can indirectly impact low-wage workers by preventing a job-providing business from opening in their area.
And while trickle-down economics isn't that powerful of a force, it does exist. When non-competes suppress higher-level wages this has a knock-on effect on lower wages, and a side-effect of reducing the discretionary income the higher wage people can spend into the lower-wage economy.