3 ms·
TLDR: > The governor said in November that she believed the agreements should be banned for lower-wage workers but that higher-paid employees could negotiate f
by gnicholas 3y ago
TLDR:
> The governor said in November that she believed the agreements should be banned for lower-wage workers but that higher-paid employees could negotiate for themselves. She floated a compromise in which people with income over $250,000 could still enter into such an agreement.
Negotiators for Hochul and state lawmakers were exchanging drafts of amendments up until Friday, according to people familiar with the matter. The final sticking points included the compensation threshold, and whether that number should include base wages or total compensation, including things like stock options and bonuses, the people said.
- _8j50 3y agoDoesn't seem unreasonable, but even then, a life time non-compete should be banned and for the duration of the non-compete the original company should compensate the difference workers if at their new job they are making less than their old job that made them sign the NC.
- photonbeam 3y agoThis limit needs to be waay higher People making $250k don't get to negotiate a custom contract, just a few variables in a template.
- tayo42 3y agoI've noticed people have no concept of what real wealth is. 250k is a mid tier software developer that doesn't even work that hard.
- zeta0134 3y agoIs it? That suggests that I'm being rather severely underpaid. But I doubt this, in the US at least the average seems to be much closer to half of this figure when researching positions.
- tayo42 3y agoFor a mid tier developer at a public company. yeah it is. Until your like senior staff +, your still just another replaceable ic stuck listening to hr rules. Your not making demands or negotiating your employment contract. The idea of having the cut off so low is detached from the realities of hiring at large companies and how much actual leaders in these companies are making.
- Root_Denied 3y agoThe median for NYC is a lot higher than for the US as a whole. The highest paid geographic tiers for jobs tend to list NYC and SF Bay first, even above NY/CA state. For NYC that 250k number is absolutely mid-level for tech and finance.
- zeta0134 3y agoAh, I'm out remote in Tennessee, that might explain the discrepancy. Man, is the cost of living in NYC that crazy? I knew the bay area was up there
- reducesuffering 3y agoManhattan is probably more expensive than SF. I frequently hear of $4k-$5k/mth small 1 bedrooms, where in SF it’s possible to get those for $3k. That’s the comparison to make for your office likely being 10 minutes away.
- abduhl 3y ago250k is the 92nd percentile of incomes in the US. You’re right that people have no concept of what real wealth is, but I don’t think it’s in the way you meant it.
- kxyvr 3y agoTo piggyback onto this, a $250k limit affects most physicians. Hospitals will argue that a physician leaving a facility hurts the hospital because that physician will bring their patients with them. What they don't mention is that this is literally impossible for all shift work positions like emergency medicine, anesthesia, hospitalists, critical care, or radiology, among others. They don't choose their patients. Anyway, medical noncompetes frequently target a certain number of mile radius around the hospital. In a tightly packed area like NYC, this basically locks the physician out of working for any other hospital during the non-compete period. Recently, the hospitals have become very aggressive at pushing their staff to work longer stretches of shifts with no breaks. Also, there's no overtime since they're considered exempt employees. They can get away with this because it's very difficult for their staff to leave without either moving or working locums out of the area until their non-compete times out. This doesn't work for many families if, for example, they have children or older parents to care for. Much of the American healthcare system is now owned by private equity and they will fight tooth and nail to keep their non-competes. Healthcare workers are burning out and the non-competes eliminate much of their leverage to push for better working conditions. It's disgusting and needs to stop.
- deleted 3y ago[deleted]