Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Corporate Overlords SCRAMBLE to SQUASH Biden's Ban on Non-Compete Agreements
Posted
February 12, 2023
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7:53Now PlayingCorporations are beginning to throw tons of money at an effort to prevent the FTC's recent ban on noncompete causes. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
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"THE CHAMPIONS OF the “free market” are frantically lobbying to block the Federal Trade Commission’s imminent ban on noncompete agreements, which prevent workers from seeking better-paying jobs or starting new businesses.
The U.S. Chamber of Commerce, the largest business lobby in the country, touts itself as the voice for “competition in the marketplace,” a principle it says is vital for innovation and dynamism in the economy. Despite its rhetoric, the Chamber is mobilizing against a major reform proposed by the FTC to liberate workers from so-called noncompete clauses. Noncompetes have become rampant at large companies, which force many workers to sign them as a condition of employment. Today, about 1 in 5 American workers — some 30 million people — are bound by a noncompete.
“This is just another example where support for the ‘free market’ is effectively Calvinball for pro-business groups,” economist Dean Baker of the Center for Economic and Policy Research told The Intercept. “They are perfectly happy to effectively redefine the free market when it suits their interests.”
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