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The legitimate use case for noncompetes is so tiny compared to the blanket clauses these corporation’s want for everyone. It’s nonsense

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Cort@lemmy.world ⁨1⁩ ⁨month⁩ ago
What’s the legitimate use case? They only further entrench monopolies by preventing knowledgeable people from using the skills, gained over their career, to compete in the open market.

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- faintwhenfree@lemmus.org ⁨1⁩ ⁨month⁩ ago
  I don’t know about a lot of industries, but in finance, having a non-compete at least for a few weeks is essential as of your trading positions are known to your competitors, you end up losing quite a lot. I know it’s one giant asshole protecting itself from another giant asshole, but at least I know that usecase is justified.
  
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  - Cort@lemmy.world ⁨1⁩ ⁨month⁩ ago
    I sincerely appreciate you taking the time to reply, but I really think that situation could be covered by an NDA instead of a non-compete.
    
    Let the employers sue/arbitrate if they think the NDA is broken.
    
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  - Meron35@lemmy.world ⁨1⁩ ⁨month⁩ ago
    A few weeks? Try at least 12 months for quant finance.
    
    The UK thankfully banned this crap.
    
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- SGG@lemmy.world ⁨1⁩ ⁨month⁩ ago
  In a lot of industries you will end up with client contact information, IT support at an MSP for example.
  
  Having a non-compete so you can’t work in the industry for X months at all? Bad
  
  Having a non-compete so you can’t quit, start your own business and poach clients straight away? I view that as fair.
  
  Guess which one looks of companies try and get away with.
  
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