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We’re talking about people who discuss their own compensation in terms of “bucks”—“10 bucks” is 10 million dollars. I don’t think people who sign these noncompe
by junofan 3y ago
We’re talking about people who discuss their own compensation in terms of “bucks”—“10 bucks” is 10 million dollars. I don’t think people who sign these noncompetes for highly lucrative knowledge want the system to be broken, nor do they want to adopt California’s model.
- lotsofpulp 3y agoSounds like you are talking about non disclosure agreements.
- Broken_Hippo 3y agoThe fast food workers expected to sign one of these lest they can't work even a basic job probably disagree.
- dumah 3y agoYou’re dismissing the harmful effects that these arrangements have on the vast majority of employees at such firms. There are only a handful of traders and PM’s at successful firms that make such high comps. The compensation of rank and file employees are quite similar to working in tech but are encumbered with huge risks following termination of employment. The firms I have worked at apply non-competes down to administrative employees who aren’t even involved in the business and have no valuable proprietary knowledge. For employees whose residency status is tied to employment, these non-competes can result in having to leave the country. For those with families, they are unable to pursue their primary profession and lose healthcare coverage or pay massively increased premiums. You don’t understand the population these agreements harm or understand the effects they have.