To try everything Brilliant has to offer for free for a full 30 days, visit www.brilliant.org/howmoneyworks. You’ll also get 20% off an annual premium subscription.

@bobsterclause342

12 күн бұрын

Non disclosure agreement

@roxaskinghearts

12 күн бұрын

I swear mc donalds your absolutely disgusting o right my diet caused me to have problems with salt/sugar and refuse to pace myself anyway even tho having all the data shown to me while us body builders have to suffer who take care of ourselves have to suffer because of you

@roxaskinghearts

12 күн бұрын

2 million dollar settlement goes to doing what making you a burden on society i thought it was to help you be less of a burden when the statistical norm turns that money into our problem sounds like how we fail people thru failed prospects

@roxaskinghearts

12 күн бұрын

2 million to drink yourself our problem maybe that 2 million can be put into prevention as a society o right im speaking conservatism because that isnt something we need a functioning member of while their all off quacking off to trump

@AuStistic_Lemurr

11 күн бұрын

Same for lobbying and corporations owning houses.

mind-boggling how such a criminal thing was allowed for so long..

@luisfilipe2023

15 күн бұрын

It always starts with reasonable intentions being hijacked for greed

@Carahan

15 күн бұрын

@@luisfilipe2023 Yep, it started out as a thing for executives for good reasons. But without a law banning it for everyone else...the people who could decide to use such a weapon, the executives, also knew about it. Lawyers knew how awful these are. Conveniently, they made sure they were exempt from non-competes in every single state. It sort of exists due to conflict of interest rules, but that isn't the same. Then to finish the job, you have a bunch of terrible judges that rules that continued employment is sufficient payment to be a valid contract. Which makes no sense in 'at will' employment because they can still just fire you immediately after signing.

@EmpressTiffanyOfBrittany

15 күн бұрын

People in America are way too lenient and confident in corporations. Temporarily inconvenienced billionaires indeed

@brendonw456

15 күн бұрын

Well by definition, it wasn't illegal at all, so it wasn't "criminal"

@-haclong2366

15 күн бұрын

If everyone does it then basically everyone has lobbyists bribing politicians to not do anything about it.

Corporate apologists will argue "if you don't like your job, leave" Well people couldn't before but sure can now.

@brad1426

15 күн бұрын

You know, that's what really grinds my gears about the falseness of their arguments. It's quite simply "fuck you and learn your place" but veiled behind a bunch of bullshit excuses and "suggestions" that aren't even real advice lol.

@wesleytoone9479

15 күн бұрын

@@brad1426 Its the illusion of the free market. It's like everyone that argues against a minimum wage saying "let the market decide" and then do everything that can to manipulate that market.

@TheDaxxC

13 күн бұрын

Not to mention the fact that people get stuck with health insurance.

@artsyscrub3226

8 күн бұрын

@@TheDaxxC I wish people pulled their head out of their asses and relized this. Do people not relize how expensive health insurance is? The data says that nearly 50% of Americans do not have health insurance, and almost all the ones who do have it got it through their job. Now imagine you're a single parent with three kids and one of them gets sick, like really sick but you don't have health insurance....

@goonerbear8659

6 күн бұрын

Oh, yeah, sure, lemme just leave my job for which very few employers are even around to hire, much less would consider me. Then throw in a NCA and now I'm not only leaving that job, I'm leaving town entirely. Not an option in my position.

Companies complaining about losing valuable information in their business.... meanwhile collecting and selling all of it's users information is funnily ironic.

@Gatofinds

15 күн бұрын

How else do you think these companies would make money? You seem to be referring to companies like Facebook, how else would they make money and offer a free platform to billions of users?

@kuromu8467

15 күн бұрын

​@@GatofindsAre you just looking to start an argument even if what you say is true it doesn't make the other guys statement false

@charlesatanasio

15 күн бұрын

​@@GatofindsAdvertizers... this isnt even a complicated question. Advertizers.

@brad1426

15 күн бұрын

@@Gatofinds Is your argument "well yeah, Facebook gets to have their cake and eat it too, how else would they operate and make money?" Like, here's the thing, they can sell the data lol. But don't get all precious about your own now, Facebook.

@Gatofinds

15 күн бұрын

@@charlesatanasio Advertising itself is not enough to be sustainable.

It's gotten totally out of hand. My friend works with special needs kids. It's only a $30k/year kind of job. She has a non-compete.

@wesleytoone9479

15 күн бұрын

I had to sign a non compete when I became a manager for a janitorial company twenty years ago while in college. Apparently mopping the floor and dusting the cubicles are very important info and skills that they needed to keep in house lol

@okman9684

14 күн бұрын

If a company treats you as their intellectual property and wants you to overwork with bare minimum pay then that's SLAVERY

@earthling_parth

14 күн бұрын

Bruh and Bruh to the reply above me... The audacity of these companies!

@martiallife4136

14 күн бұрын

There are martial arts schools that have their employees sign non-compete agreements.

@GonzoTehGreat

14 күн бұрын

This is why government regulation is always needed, because if they're allowed to, companies will act in their own self interest, often regardless of the impact on workers and/or the market.

How was this ever even legally enforceable, you are an employee not a slave.

@thrashergx4877

15 күн бұрын

My understanding is that it actually wasn't in most cases, but the threat and possibility of litigation served to stop people from trying.

@An_Ian

15 күн бұрын

@@thrashergx4877My understanding is it started with positions where this kind of contract made sense like High up leader positions. Then it got expanded to just about everywhere and when some fast food places tried to use it to stop teens from job hoping lawmakers began the conversation to this change.

@HolyDemonRune

15 күн бұрын

Baby boomers. They started businesses when there was next to no competition. So, when the most selfish self serving entitled cockwad of a generation got in power they made it a point to make sure no one else could compete with their authority. It's why our country is in complete shit. Weve been ran by the same selfish and corrupt generation for 70-80 years. An entire life time of corrupt politicians/CEOs.

@hackmedia7755

15 күн бұрын

they're too busy with their business to focus on ex employees. This is more like scare tactics I think.

@brock5373

15 күн бұрын

@@thrashergx4877I don’t know the exact numbers of how often they were utilized, but I have read about a lot of horror stories. People moving to a new state and getting a job in a similar field. The company they left tracked them on InDeed, called their new employer and threatened to sue the new employer for violating the non-compete clause. Then new company fires the new worker to avoid time and money wasted on litigation. Some workers have even had to switch to entire new industries.

They used to have them in IT but the courts ruled they were illegal a number of years ago. Glad to see it being expanded.

@HolyDemonRune

15 күн бұрын

It's funny, cause companies and organizations act like it's still in place. The sheer amount of companies using CMS for their programming needs should show you that companies and organizations still think Non competes still exist.

@dominuslogik484

15 күн бұрын

its funny that I still see Companies include a non compete clause in their hiring contracts for IT. I will laugh the day one of them tries to enforce it on me.

@langhamp8912

15 күн бұрын

Most non compete clauses are used against fast-food service workers changing jobs. They're been extremely effective in keeping service jobs wages very low.

@NorthVandea

15 күн бұрын

Non-competes for IT (and other industries) are still enforceable in Rhode Island (this new FTC ruling not withstanding)

@samthecar

15 күн бұрын

​@@NorthVandeamore reasons to leave my crooked state 😍

Laughing at all the executives crying over this 😂

@HowMoneyWorks

15 күн бұрын

Won't someone please think of the executives!

@ReKonstructor

15 күн бұрын

@@HowMoneyWorks You think this is good, but you'll see.

@HolyDemonRune

15 күн бұрын

This reminds me of the South Park joke about Lars Ulrich of Metallica game saying they were being stolen from by Napster. Stan: Why is he crying? Cop: because of illegal downloads he is going to have to wait a whole month until he can get his gold plated swimming pool. Stan: *genuine shock and horror* that's awful!

@-haclong2366

15 күн бұрын

​@@ReKonstructorDisruption is how the market grows, stability isn't as good as people think.

@HolyDemonRune

15 күн бұрын

​@@ReKonstructorlol, I am interested in what the resistance is going to look like... But this action isn't some sort of minimum wage increase. Aka something that doesn't actually benefit anyone, including the intded people, except for large businesses who use this to bully small businesses out of the market - all the way the cost of living catches up and exceeds percentage wise the increase. The FTC did a pretty damn good job (in my opinion) and putting safe guards in place for corrupt companies trying to abuse this ... Which should e happened when laws were put into place companies HAVE to offer lunch forcing people to stay at work for 9 hours instead of 8. My point being, the FTC seemed to have actually been conscious of companies trying to use this as a new means of abuse and out in counters to those abuses. Ie... Make everyone execs to out them on non competes... Well ya gotta be paying that person so much it would put them in the top 10% of the US's wages to even get that to work. We will probably see a lot more NDAs and suing over that, but they're not noncompetes.

Businesses don't care if their employees survive or do well in the long term. Why should an employee reciprocate?

@hackmedia7755

15 күн бұрын

they treat us as disposable, this system is stupid and needs an overhaul. I'm looking for employee-owned companies and cooperatives to work at.

@An_Ian

15 күн бұрын

@@hackmedia7755Good luck the only ones where I life are much like the unions very hard to get into without some help from within. Think my dad put it best when helping me with the paperwork for the failed application. "So they say they are losing 80 guys a year due to old age an retirement but they only let in 40 new students in there training program a year... Ya they aren't actually hireling"

@ItsAllCulturalMarxism

15 күн бұрын

​@@hackmedia7755or hear me out... You start your own business. Be your own boss.

@Einsteinium.

14 күн бұрын

@@hackmedia7755If the employees owned the companies then why would anyone try to create their own company? Someone else could just take it from them? As much as I hate our current system I can’t imagine a way to execute this method you’ve described.

@mlsasd6494

14 күн бұрын

@@Einsteinium. i think there is a middle ground between communist workers own compaines equally and capitalist union busting and malpractice. In germany this is solved by having "Betriebsräte" a commitee elected by the employees to represent their interest in business decisions that affect them. Its definetely not perfect, it make some processes really tedious, but in general workers are treated better in compaines with such a comittee than in compaines without them. You can also do this by pooling employee stocks into one representative body so that not only capital interests are represented on a shareholder level. You will still benefit from starting a company, but employees just need to be more represented.

Banning non-compete agreements is a massive step towards empowering the workforce and promoting healthy competition. Investing in employees' growth rather than confining them under restrictive contracts is the best way to thrive in today’s dynamic market.

@ronblack7870

15 күн бұрын

can we eliminate restrictive union contracts as well. they stifle innovation by using protectionism and make companies uncompetitive.

@okman9684

14 күн бұрын

​@@ronblack7870that needs too. Unions are also anti business as well as anti consumer and only care about their self interest but they have a large lobbying power too so it will be tricky

@crescentprincekronos2518

14 күн бұрын

​@@ronblack7870 these conversations are usually one-sided, don't expect employees to ever see eye to eye with their employers.

@rrrr2150

14 күн бұрын

ok chatgpt

@amzarnacht6710

14 күн бұрын

Now the FTC just has to start breaking up companies that are buying up everything around them and closing out competition.

So many employers don't actually train their staff any more. Surprised this took so long....

@Interdacted

15 күн бұрын

We just sort of get told to do something, and when we do it wrong, those with the company just talk about how we doing our jobs wrong behind our back,

@Etendard1708

15 күн бұрын

This ill-trend is not only in US but in many countries as well. Especially in overpopulated country like Indonesia (mine). I remember that my father generation who reached their mid 20s in 1990s were not required of any job experience prior, received job training, also a permanent contract. So my father generation are able to buy house and raise a family just from that job income. Now even entry level jobs require minimum 1 year of experience, then there is ageism (no more than 25 yrs old), and then no training, plus less job security (can be fired anytime). HRDs view their employees as disposable because plenty of young unemployed people out there waiting just to get a minimum wage job even if that means they will be exploited.

@ColdDiva

15 күн бұрын

@@InterdactedI detest when companies do this! Setting their employees up for failure!

@777X69

14 күн бұрын

@@Etendard1708peak rat race

@colechapman6976

13 күн бұрын

When you have 100s of applicants for every one decently paying white collar job, then the company doesn't need to worry about training, because chances are that one of the 200 has already been trained and has already worked and been vetted in their industry. Companies nowadays have access to the profiles and resumes of hundreds of qualified people, so they don't need to really train, because they just need one out of all those applicants to have already worked a similar job.

As someone who was previously had an employer cause me severe mental distress by trying to sue me over a non-compete clause that was later ruled unlawful, the banning of these corporate weapons is ONLY a good thing. Learn to compete the treat your employees like more than disposable widgets and you'd be surprised how little you'd need these clauses to begin with.

@Pomagranite167

15 күн бұрын

But treating my employees like real ppl means less money for me :(

@stevefarb9422

14 күн бұрын

I still have PTSD over my former employer threatening to sue my new employer, and my new employer almost backing out of the deal because of the threatening. I got a lawyer and it turned out the whole non compete was BS and unenforceable. I had a judge comment, "Who do they think they are? That you are some kind of indebted servant?" I was in limbo without a job for about three weeks (with a family and bills due facing the prospect of not being able to get another job for more than a year.)

@pablo4yu

14 күн бұрын

God forbid a company pays you more than a penny a hour to keep you lol

These companies are already whining about how gen z won’t be their slaves, and now they’re whining about the law that will make it so they can’t force their current employees to be slaves either

@umwhoalol

6 күн бұрын

Don't worry buddy, gen z is getting replaced by millions of illegals floding in per year over the last 50 years. You can rest assured, you will have no bargaining value for your labor.

@rapatacush3

3 күн бұрын

Gen z dont want to get their asses up from the couch.

@cheshaii

3 күн бұрын

​@@rapatacush3 Ok Boomer

@rapatacush3

3 күн бұрын

@@cheshaii 30 years old actually.

@zoviqi2388

14 сағат бұрын

​@@rapatacush3 Exactly Boomer

*HR managers smacking their keyboards in dispair*

@HowMoneyWorks

15 күн бұрын

It will probably be good for them actually because of more staff turnover.

@-Eternal-Damnation-

15 күн бұрын

@@HowMoneyWorks wait, but I thought that was bad for a company as it shows none of their employees are invested in the company long-term? Or is everyone doing what Amazon does now, where they want high turnover rates to keep new fresh employees coming into the business, while all the experienced staff leave due to the unrewarding work slowly eating away at their soul.

@joleaneshmoleane8358

15 күн бұрын

HR managers don’t care. The executives and owners are the only ones who care.

@doujinflip

15 күн бұрын

I work in IT and I periodically smack my keyboard too, though upside down to knock out the dust and skin flakes

@PsyrenXY

15 күн бұрын

​@-Eternal-Damnation- its great for HR depts and placement firms. A lot of them have commissions and performance bonuses tied to how many roles they fill, and once the person lasts more than a year or two (which most of these still will) they've covered the recruiting optics.

Getting out of my non compete allowed me to 4x my income. One piece of paper stifled the careers of millions of Americans. Pay your employees of compete with them

@PapaBeastA

15 күн бұрын

You could just ignore it, who the hecc is going to hecking enforce it.

@keylanph

15 күн бұрын

@@PapaBeastA If you do get sued, it’s not that you’ll lose the case, it’s that you have to hire a lawyer and that costs a ton of money. I was quoted $15k if I had to litigate mine

@Originalman144

15 күн бұрын

I dont believe you. The non-compete didnt hold you back, you thinking it mattered did

@colechapman6976

13 күн бұрын

The whole point of capitalism was competition, so now companies actually have to adhere to that principle and work to keep and retain the employees they have now. They have to adapt or see their top talent leave. They can no longer have abusive dependent relationships with their employees. Non-competes for toxic companies is basically how they stay afloat. Now they actually have to get better or sink

@steelman6403

10 күн бұрын

@@colechapman6976 This is what I was looking for sometime capitalism nees some interference to force it to work

They can talk about how much they've invested in my training when they cosign my student loans.

the funny part is most top executives almost always come from other firms in the same business, so the non-competition agreements are definitely aimed mostly at shafting lower level staff and not to protect company information

@1ManRandom

8 күн бұрын

Eh, not really. There are plenty of cases on the record regarding non-compete agreements for high-level employees, and even before this ruling, anti-competes couldn’t be perpetual, and courts could invalidate a non-compete agreement if they determined it to be unreasonable in terms of scope or time. This meant that a company looking to hire a new executive had some options for dealing with non-compete agreements (wait for the period to end, help them sue to invalidate an unreasonable agreement, put them in a position that wouldn’t be covered by a non-compete, ect). The big problem with non-competes being applied to low-level workers is that most companies aren’t going to be willing to invest that much time or effort into a particular person when they could probably just hire someone else to that position who isn’t bound by such an agreement.

Now we need the FTC to get rid of mandatory arbitration for employment agreements.

@HowMoneyWorks

15 күн бұрын

Unfortunately that would probably fall outside of their jurisdiction that's more a Department of Labor thing.

@rocketr8968

15 күн бұрын

What is mandatory arbitration for employment agreements?

@Dragoblade811

15 күн бұрын

I would say removing mandatory arbitration as it currently exists should be removed as a whole due to it detrimental effect on both employees and consumers

@omduggineni

15 күн бұрын

Just get rid of mandatory arbitration in general lol. Preferably through Congress (if that ever happens) I have never seen a reason for mandatory arbitration that wasn't "we're potentially doing shady things and don't want legal trouble"

@doujinflip

15 күн бұрын

@@rocketr8968It mandates that disputes with the employer must go to confidential arbitration instead of public court. Arbitration is meant for “merchants of roughly equal power”, so an imbalanced arbitration in practice means a lot of rulings that favor the business which as a “private” “binding agreement” can also be kept secret through a mandatory non-disclosure clause.

I always make my employer sign a contract prohibiting them from hiring any other employees after I leave.

I had to get a lawyer to leave an abusive company that treated me and others as indebted servants that couldn't take another job anywhere in the world. Thank Goodness for this legal change.

French perspective here : companies still sometime write down non-compete clauses in work contracts, but they are mostly unlawfull. To be valid, a non-compete clause must be : 1- Limited in time 2- Limited in terms of geography 3- And maybe most importantly : Paid

@1ManRandom

8 күн бұрын

I believe that was the case in the US as well (or at least in the majority of states), save for the payment requirement, until this rule was put into effect.

I love how all companies will bring up "training" lol. Unless you're in a skilled trade, a pilot etc - training in a white collar professional setting is typically just how to use whatever proprietary software is used in-house. Gaining new experiences through performing your job is NOT training lol, get out of here with that

@wesleytoone9479

15 күн бұрын

This is especially true since companies have been cutting all the training they can over the last decade. Companies cant argue that you are well trained when they do everything they can to avoid training you.

@cloudsofsunset7323

14 күн бұрын

amen

@VictoriousGardenosaurus

13 күн бұрын

Most trades can be learned out of a book. Alot of trades just don't read much. So it's hands on, person to person teaching.

@Pwnopolis

8 күн бұрын

To get any job that requires genuine training, you had to be trained in the act their hiring for already. You have to have a pilots license to apply to be a professional pilot. The training they gripe about is minimal at most in 90% of the work force.

@cajunguy6502

4 күн бұрын

If your company is looking for "entry level" employees with years of experience, there is a good chance your company isn't training anyone and doesn't plan to invest in your education and advancement.

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance but if you want to make your money work for you...prevent inflation

@lucymorris4182

7 күн бұрын

What are you talking about and how could this be explained?can someone please explain

@AlejandroGonzalez-ms3go

7 күн бұрын

I'm really confused, especially in market analysis, how are people using trading with them?

@aladinrashid7590

7 күн бұрын

How does this crypto stuff really works and how do I make I make good profit from it? I'm willing to invest in it but I need guidance so I don't lose out

@johnderek2896

7 күн бұрын

Jane Roy

@johnderek2896

7 күн бұрын

My financial advisor , she’s a professional and has helped many become millionaires fr

I can’t wait to see what workaround the business community comes up with to make a functional equivalent to a non-compete, instead of actually competing.

@FBNick08

15 күн бұрын

Start classifying every employee as an executive lol

@HolyDemonRune

15 күн бұрын

​@@FBNick08AND pay them I think it's 160k a year. There was multiple catches in what the FTC released to catch that specifically.

@chikkin.salad.sandwich

15 күн бұрын

"You've all been re-classified as gig workers, not employees."

@Lacewise

15 күн бұрын

@@chikkin.salad.sandwichthat’s already what they’re doing.

@chrisdionne2871

15 күн бұрын

Called a non-solicitation.

"Without non compete agreements their competitors could just poach their staff after their investment and training." These people literally think they own us. "Youre not allowed to leave! we trained you, we own you!"

@memerthedealer

6 күн бұрын

If it does happen, you wouldn't be labeled as an employee anymore. You would just be labeled as executives which means nothings going to happen

My wife was a dog trainer at PetSmart, and she had a non-compete. PetSmart doesn't even give a crap about their trainers. They're constantly trying to reduce their compensation and make their commission deals worse. Any kind of soft benefits to the company, like getting customers in the door weekly, is completely lost on the people in charge. Edit: I want to add that if you ever come up with pet products, you shouldn't sell it through Petsmart. They'll sell it for a year or so, create their own crappy generic knock-off, and kick you to the curb.

@martiallife4136

14 күн бұрын

Ridiculous!

@prw56

14 күн бұрын

I didn't know people still bought animals there, figured there was enough evidence of abuse that people would avoid their locations...

@cajunguy6502

4 күн бұрын

Ffs, how many chain pet stores with obedience schools are they competing with!? Jesus.

@joshmnky

4 күн бұрын

​@@prw56 They don't sell dogs, though they do adoption days with local shelters. They were pretty big on force-free everything while she was there, but they did start selling prong and shock collars eventually. The leadership is in that typical race to the bottom now, trying to be the same as every other big pet store and squeezing every drop of revenue they can.

@rapatacush3

3 күн бұрын

Dog trainer is a job?

Employers love a “free market” as long as employees aren’t actually free. Then it’s “unfair”. What’s the matter? You can’t compete with the cut throat free market? Too bad clowns. This is actually huge! I couldn’t believe it when a non-compete first crossed my eyes. I didn’t sign it and luckily they didn’t notice/care so I kept my job lol

@cajunguy6502

4 күн бұрын

Yeah, free market advocates conveniently forget that it's call "the labor *market*" for a reason. After 2008 labor became a buyers market because all the boomers had to delay retirement, leaving no room for new hires to rise up. But Covid flipped the script, getting all the boomers to finally realize their beloved employers and government and trusted media minds all gleefully cheated them out of their best golden years. They could have been fishing, popping Viagra, and spending time with the grandkids (just to clarify, those are 3 separate events), instead they were doing the work that should be lets you younger and more modern staff. So they bailed. Now there is a skills and experience vacuum, but companies are so spoiled by the last decades of being in power, they don't know how to act in a sellers market again. The reason they are looking for "entry level with a master degree and 10 years experience " is because that's what they us to be able to get. Over trained and educated millennials with no options to move up like previous generations. If you want a free market but only if it's favorable to you, then you're not a capitalist, you're a fascist.

1:13 Companies: "I don't want a business relationship where the other party could unilaterally terminate the agreement, resulting in lost value" Also Companies: "I lobbied to make every state Right to Work, so I can fire you without notice, for any reason, with no compensation" Yahhhh. This ruling did not go far enough. The total lost worker income should have been calculated for the duration of right to work in that area & assessed as a fine on the business. Demanding a communist workforce & free market private profits does not work for me

@xv9021

14 күн бұрын

Everyone is a capitalist except the companies themselves.

@jwil4286

14 күн бұрын

you don't actually know what Right to Work is, do you? In that case, it is simply saying that you don't have to finance a union as a condition of employment. Nothing else. If you want to join that union, fine. If you disagree with some message they push, you can keep your money for yourself.

@camadams9149

13 күн бұрын

@@jwil4286 Want to try again buddy? You have a limited view of cause an effect. The government provides no labor protections & if they did, they could be lobbied by the wealthy to eliminate them. You have zero leverage with companies. Whatever you can do, someone else can do better at a lower rate. So yes, I said what I said and it accurately reflects the situation of right to work. Right to work is just at will employment for the employer but not for the employee as we saw with these non-competes So Id recommend you stop loosely quoting some libertarian nonsense from the 80s and get caught up with what these ideas mean in reality. Basically, you just said the equivalent of "that wasn't real communism"

@camadams9149

10 күн бұрын

@@jwil4286 Sure and if I halted medical supply shipment to a hospital, you are still completely free to seek medical care at that hospital Sure, it will be 1700s medical care but it's clear cause and effect doesn't matter to you. We only need to look at an issue in complete isolation. You can still go to the hospital for medical care, so blocking those shipments does not matter

@cajunguy6502

4 күн бұрын

I didn't want to be "that guy" but luckily​@@jwil4286 beat me to it. I probably wouldn't have been THAT much of a dick about it, it he right, you're conflating At-will with Right-to-work. Very common mistake, no shame in it, people generally know what you're referencing anyways

Dont forget , non-competes and non-disclosures must define a time-frame. If the employer leaves out the lifetime of the agreement, its null and void

Companies train their workers which justifies their non-compete agreements? A lot of the time they’re relying on public institutions (colleges and military), actively poaching from their competitors, and failing to find an “ideal” candidate petition for an H1B applicant whom they can threaten with revoking work status leading to deportation of possibly an entire family.

@dominuslogik484

15 күн бұрын

I will never not take an opprotunity to complain about H1B visas and how they are used for wage suppression. especially in my field of IT.

@the_expidition427

15 күн бұрын

Saving this

@_ch1pset

15 күн бұрын

The ends companies will go to screw over workers will never cease to amaze me.

@dominuslogik484

14 күн бұрын

@@_ch1pset Like I mentioned about H1B visas in IT its been a huge issue since the 90s when the H1B visa was created. in that span of time the average salary of IT staff in companies not only stagnated but started to go backwards and has continued to stagnate/regress since then. in the mid 1990s it wasn't uncommon for the IT staff at an office to make 30-40k a year which would be the equivalent of about 62-80k per year today. the current average salary for IT workers outside of the largest cities in the country is about 45-50k per year so not only has the average salary been frozen in place but it has lost significant amounts of value due to inflation. they let in about 115,000 people per year using H1B visas with a duration of stay of 3 years but extendable to 6 years without requiring them to acquire the H1B visa again, of that around 60% work in the tech industry. someone would have to be deaf, blind and dumb to not understand that there is a severe market impact of even increasing the workforce in a specific industry by 30-60 thousand workers every year or just the fact that there are around 400,000 tech workers using H1B visas being paid on average 25% less than the market rate.

@renanfelipedossantos5913

14 күн бұрын

They're essentially free riding on the education paid for by governments and citizens.

I work in a small construction company, and I was smart enough to know this tactic and later found out I'm the only one without one. I laughed at them and said I'll never sign away my skills and knowledge.

As somebody who dodged a very toxic noncompete and ended up locked out of my field for six years because little was available otherwise due to that exact noncompete running everyone else in town out of business from lack of workers they could legally hire, this is a very good omen for my future.

Non-competes used to be accompanied by the person signing being paid a salary for the duration of the contract, whether the person signing was actually employed or not.

@Pwnopolis

8 күн бұрын

In that instance I'm sort of ok with it. But there's got to be one hell of a reason for the contract to begin with. Like if your company has created some ground breaking tech that no one else is even close to creating then maybe. But that's a huge maybe.

@personnesenki4521

8 күн бұрын

@@Pwnopolis Yeah the money has to be what you'd otherwise make by working or no.

Fast food workers are under noncompetes? WTF America.

How the hell can you have a free market with the government throwing you in jail or stealing from you for simply negotiating better pay?

This is also huge for employees in niche fields. I work in healthcare software, which is dominated by just a few companies, so my non-compete basically restricts me from working at any other medical software company. Some people at my company have such specialized skills that when they leave the company, they just bite the bullet and wait unemployed for a year before re-entering the workforce.

@Originalman144

15 күн бұрын

Not as big of a deal as you think. I lead recruitment in niche scientific and healthcare software fields and never had to worry about non-competes to make hires. Unless you were a VP or CTO or developed something proprietary or patented, you're replaceable within 60 days, 30-45 days if the TA Director is a stud. No one has time to pay a 300 dollar an hour lawyer to go after you. Non compete have been a non factor for years. And I hire 100+ specialized people a year.

@farhanislam7377

14 күн бұрын

@@Originalman144 Yeah. Thing is that employees don't wanna take that chance

@VictoriousGardenosaurus

13 күн бұрын

​@@Originalman144Employees still see the sword, even if it has been sheathed as of late.

Non compete does not protect against IP theft. It prevents competition. Non-disclosures protects against IP Theft. The employment agreement always includes the NDA.

@dontewithdragons

15 күн бұрын

Dumb companies prioritizing Noncompetes over NDAs and not suing for corporate espanage. Stock shares, NDAs, and seniority bonuses cancel out most of business turnover costs. Mitigating spiteful ex-employees while rewarding long-term employees. Everything else is a result of poor management practices

@mangostickyrice9781

11 күн бұрын

Lawyers will just sneak the non-compete into the NDA.

@stevenhicks3321

11 күн бұрын

@@mangostickyrice9781 severability clause

I worked for a company that monetized websites. One of the engineers there made a game to publish on Facebook when Facebook apps was a big thing. He was fired for making the game when he went to the company and tried to put the company's products on the game to monetize it. You would think a company would find an engineer like that valuable but instead they said that all property he develops is theirs, even if he developed it in his non-working hours which he did, and thus they fired him. Seems like you'd be better to ask the guy to make more games and put more of your products on them.

Many employers wouldn’t take you to court over this if you’re a low level employee. Considering their too cheap to pay you more I doubt they have the funds to sue

@letsburn00

15 күн бұрын

They know that it's not relevant. They use to to stop you leaving the company to get a better job.

@Originalman144

15 күн бұрын

Yeah, not even mid level or senior employees. This is only applicable to c-suite and high level R&D teams that might be under an NDA that is separate from the rest of the company for certain projects. Most employees are not worth a 200-250 an hour lawyer to spend 20-40+ hours on going after a senior manager who left and couldn't even manage his own calendar and train his team

@renanfelipedossantos5913

14 күн бұрын

Plot twist: it's not about suing individual minimum wage workers. It's about creating downward pressure on wages across the board.

@VictoriousGardenosaurus

13 күн бұрын

It's not about the money, it's about Control.

@k.chriscaldwell4141

13 күн бұрын

Wrong. It is the threat to an ex-employee’s new employer that does it. Failing that, the ex-employer is out little in filing a suit the ex-employee will likely have no financial wherewithal to even respond to. I’ve heard of fast food franchisees filing suits to punish ex-employees that went to work down the street.

That’s nice to promote one of your writers. God bless you.

@HowMoneyWorks

15 күн бұрын

The best thing you can do for those who help you get you where you want to be is to do the same for them

@Waxyrewards

15 күн бұрын

@@HowMoneyWorks wise words man, I respect it. I should do the same in my life.

This shit is why Boston turned from a Tech Hub into a nobody. Protectionism never works.

Ever notice that when you apply for a job online, one of the questions is almost always whether you are subject to a non-compete? Admit you are and your resume goes in the trash. Lie and you get fired as soon as your old company complains. Banned or not, you should never sign a non-compete.

Maybe I shouldn't judge as a European, but non-competes sound like the least American thing ever. I'd expect this from our EU regulators, not from Yanks

@zaiquiri1799

12 күн бұрын

Money over values is the American way.

@IndigenousExotical

7 күн бұрын

If it’s anti-worker rights and all about stifling wages/any opportunities for employees, that’s 100% American. Remember, the USA was built on chattel slavery and its descendants still have not been compensated for the forced labor that built the country

@ScootyPuff_Jr

4 күн бұрын

Since its very inception America has just been a chain of wealthy people avoiding their responsibilities and trying to twist things in their favor. Everything we've ever been famous for was to line somebody's pocket

I can see why they finally banned it in most cases as even fast food was using it to keep their min wage employees for quitting and getting a job at another fast food store. It was being grossly over abused. Though I am willing to bet that companies will still force new employees sign them and hold them over their heads hopping that the employees have no clue that they are not legally enforceable. FTC needs to make it so if a company does make an employee sign one that the company will have to pay heavy damages to the employee to scare companies to not to try to pull a fast one on new employees.

Lol, people think companies spend money to train staff. 10 years in a highly technical industry I have been given $0 in overhead for training. Charge that $#@t to the customer.

I had non compete clauses in minimum wage jobs. It’s insane.

As some one who is under a noncompete and has been given very good offers from other companies, this is awesome

Can you imagine getting fired because your management screwed up and getting an embargo on entering the industry where you are proficient because it will hurt the ego of your previous employer

Had to sign a non-compete for my new job a couple months ago. Hearing this news is massive!

I was offered a contract that had a non-compete in my field of engineering without company approval for 8 years NOPE

I know someone who was held to a non-compete from the former Clear Channel (now known as iHeart). She quit to go across the street, and they told her - in effect - "we have more lawyers than you, and we can bankrupt you because you left us."

companies love the free market until they don't

@Hedgeflexlfz

14 күн бұрын

Exactly until it allows the worker the freedom to change jobs

Now we need to actually start paying employees in accordance to inflation

Only baffling thing is that these were ever legal in America. They're literally called "non-competes". Like, obviously they are unethical and anti-capitalistic.

I've heard that Orkin has been relentless about enforcing a non-compete for employees who spray for pests. Someone told me a story about being trapped there. They didn't like the job but had no place to go. If they wanted to start their own company, they couldn't because there was no place they could move to that Orkin didn't already operate. They also could not get a similar job for another company.

I heard the bell toll on this stupid policy the first time a friend got fired from Hot Topic for working at another retail store! 🤦🏻‍♀️ They had a good thing going these companies but they just had to get greedy and ruin it for themselves 😆

Got an employee with critical knowledge you don't want to go somewhere else? Now you need to compensate them to stay!

Great news for the people!

Great! Now the FTC needs to ban mandatory binding arbitration clauses and every single contract.

The only people who should have to sign non competes are C suite executives with access to sensitive company financials, R&D, etc. NOT a regular worker

What the FTC needs to do, is to investigate politicians, who pass law brought forward by thinktanks, which they believe hurt the consumer and then file corruption charges.

@SangoProductions213

15 күн бұрын

The reason why the watchers are the watchers is that they know who they aren't supposed to watch.

@UnprofessionalProfessor

13 күн бұрын

"The FTC needs to file corruption charges against people doing their jobs,"-Brainlet

Umm, companies did not "just recently start using non-competes to keep employees trapped in bad jobs". This happened to me ten years ago and permanently handicapped my career. How can I get paid for the damages that were done?

I had a non-compete clause in my contract when I worked part-time at a mall clothing store. I was disappointed when I started working there because it meant I could no longer apply to work at a different clothing store right down the street from my apartment. But I needed money, and the other store wasn't hiring, so I was locked in until I changed career paths. Things ended up working out for me, but had I needed the retail job longer things could have gotten difficult. I was being harassed by a repeat customer, and store management was constantly changing. If I had needed to quit for safety reasons I wouldn't have been able to use my experience to get a job at another clothing store.

Pay more, and they won't leave.

@saagisharon8595

15 күн бұрын

the last thing an employer wants for the company is to have a majority of 10+ years employees because they know you get to work less for more pay it's nice to have everyone doing their jobs knowledgeably having the whole place clocked but in practice, without enough turnover you end up having less than 10% of employees doing 80% of the work

@SmileydeadJ

15 күн бұрын

I Never heard an employee saying they pay enough.

Are you saying that the government just did something in the interest of the people 🤣? Seriously though, What pushed the FTC to put this into effect? Is there any way to support similar movements?

@Mandelasmind

15 күн бұрын

That’s what I’m wondering to be honest

@KishoreAnimator

15 күн бұрын

Look up the new ftc chair Lina Khan. She did the daily show recently too

@joshmnky

15 күн бұрын

Election year

@brodiapunch

15 күн бұрын

Check out MorePerfectUnion for insights on what people are doing to take power back from corporate greed

@doujinflip

15 күн бұрын

Probably an Administration that doesn’t put big business first.

Long overdue! This is great news!!!

Non-competes were as anti free market as it got. The system is only capitalist and free, when it serves the interests of a few, but that is quickly thrown out the door when free market is used against their interest.

Non-Compete and NDA only makes sense if the former employee gets Half-Pay for the duration if the agreement. If you leave/fired and their nolonger paying you then you should nolonger be obligated to do their bidding, but if you have exclusive knowledge then they should be paying you to keep it exclusive.

What about the practice of companies taking ownership of IP created by an employee outside of their job while employed? Many engineers never work on personal projects because anything they work on can be claimed by the company they work for, even if they work on it outside of their job. I think workers should reserve exclusive rights to their own work so long as it's done off of company time and not done with company resources (unless explicitly authorized to do so without risk). There are many cases where companies will try to claim ownership of some IP created by former employees under the pretext that they were employed at the time they were working on that IP. This should be illegal imho. I don't even care if the new IP competes with the former employer, if you worked on it on your own time, it belongs to you.

In a shocking twist of events, the American government determines that non-compete agreements are not competitive.

The fact that every political side hates Lina khan is telling. She probably actually is a good FTC chief, so clearly companies are investing a lot in discrediting her.

Doctors and other healthcare workers are still stuck because of one big, gkaring problem with their rule. Non-profits are exempt. Most hospitals in the US are non-profits.

The possibility of your employees jumping ship to your competitors should be a deterrent to treating them like crap.

Big props for the shout-out to your editor. Your doing great work and I love these videos. I can't wait to check out the new channel!

Why these disgusting rules founded in the first place??????

@HolyDemonRune

15 күн бұрын

No rule gets put into place and is immediately abused. This was something that made sense for the companies it was being used on. Then, some baby boomers realized they could use this to prevent competition. And slowly started to do this to more and more people. You don't boil the water and then throw the lobster in it. It'll just jump out. You put the lobster in when the temperature is good. Then, you slowly increase to a boil and the lobster will sit there until it dies.

@w.mcnamara

15 күн бұрын

Like he mentioned in the video, it was for executives who may know extremely critical info about a company that if a competitor had they could use to destroy the company without actually competing But then of course if got abused and was put on to people who would never have this info anyway

Never signed one. Also never signed the old "your ideas are our property" told them straight off you didn't pay for my education or my time for my education so my ideas are my own unless you are willing to pay for them.

I’ve been waiting for you video on this since I heard about this decision. I knew you’d explain it well and you didn’t disappoint. Thanks!

"the market regulates itself"

*The Crypto market is pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.*

@EmilyJeffer-hj1wx

7 күн бұрын

Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?

@reneobDelmarclal

7 күн бұрын

Mrs Tracy cool services was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Tracy.

@Spencer67873

7 күн бұрын

the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.

@LuckyGremm

7 күн бұрын

YES!!! That's exactly her name (Tracy cool services)

@LuckyGremm

7 күн бұрын

So many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺

Heck yeah! I've been waiting for you to do a video on this since it was announced!

This is a great development. Really encouraging. Great work with the video!

Good lord, can humans make ANY sort of job/labor arrangement that doesn't just devolve into "slavery with extra steps?"

🍾🥂wow these CEO tears are so bubbly!

Good news, and keep up the good work! Thanks!

I had an issue where my last employer told me there’s a severance payout and eventually they let me go during a massive firing. It could have been a mistake by the HR team or someone else but they paid me out prior to signing their severance agreement. The severance agreement was very long and would release me from ever being able to sue the company for anything. Not sure legally what can be done but holding my severance pay behind this agreement felt wrong that I told them, after talking to my lawyer, that my lawyer had instructed me not to sign your agreement. Even after saying no they kept emailing me to sign it

No competes were never allowed in California, by the way, since the 1950s. This is why it became such a big tech hub.

I quit my job 2 years ago for the exact same job with double pay. When I quit I told my boss I was moving to Oklahoma because I didn't want to be a victim of the non compete clause.

Always informative, thank you.

I worked at a copier company in albuquerque. They had a noncompete of 5 years and 250 mile radius from the only office. This covered the entire state and made it impossible to go anywhere else. I'm in a much better field now.

Good riddance. I'm suprised that was legal to begin with.

I absolutely love the "The Office" references and explanations. Keep them coming!

I really hope it goes through!

Love this channel bro. Keep up the good work!

Are US non competes different? Where I'm from if you agree to a non compete the company has to pay your salary (or part of it) for the time of the agreement. What happens if you breach a US non compete?

@whickervision742

15 күн бұрын

The former company sends threatening lawyer documents. The former company harasses your new company until they fire you. If you were to start a competing business, the former company would drag you thru court until you were bankrupt. The former company doubles down on any new non competes, increasing the time and distances.

I love how you can hear the "holy shit" in HMW's voice at 4:09

My wife signed one. When she left thst job for MEDICAL REASONS, she was unable to get hired in the field for a year. Non-competes are criminal, and I am glad to see them treated as such.

I was bullied into signing a non-compete. And spoiler alert, the new President of the company, whom forced people to sign them, went to work for the competitor.

People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $10,400 in stocks and assets. Wish I could accomplish that... Thanks to Kristy Loreca The Lady you recommended to me...

@SmithNorman

14 күн бұрын

That's awesome I know nothing about investment and I'm keen on getting started. What are the strategy?

@GeorgeKent-oi6qz

14 күн бұрын

I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek

@Wendy10926

14 күн бұрын

No doubt!! I never knew Kristy Loreca had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey for the first time.

@MerylConnor

14 күн бұрын

I'm surprised you also trade with Kristy Loreca, she's the best at what she he does. At first i was afraid too before i gave it a try and realized fear kills dream more than failure.

@SarahWeeth

14 күн бұрын

the inflation has taught people the important of multiples income,my main concern how can we generate more revenue? We cannot afford to see our people's savings crumble into dust.

This is not to say that everyone must feel in duty to vote Biden. The reality is that for most of us, the vote won't really have much of an effect anyway. But we just have to admit the reality that the instant Trump enters office, he will put some sort of clown to lead the FTC and it is going to devastate every progress made. Heck, he might even end up making Noncompetes mandatory or some stupid shit like that.

With our corrupt Supreme Court, I would be surprised if this actually went through.