Job Market Revisions and Non-Compete Challenges

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This chapter explores recent revisions in job growth figures and their implications for the labor market, including public concerns about rising unemployment. It also discusses legal challenges to non-compete clauses, examining their impact on employee mobility and earnings potential. Lastly, the chapter highlights Ford's strategic shift away from electric vehicle investments, reflecting challenges in production costs and consumer demand.

Episode 393: Neal and Toby discuss the Bureau of Labor Statistics’ anticipated revision which removed 800,000 jobs from last year’s jobs report. The largest in the last 15 years. Then, the FTC’s plan to ban noncompete agreements in the US has run into a roadblock as a federal judge says, not so fast. Next, Ford once pledged to make big investments in all-electric vehicles but has since reversed course as it scraps its latest EV model plans. Plus, Neal shares his favorite numbers from big banks’ bad deal with Elon Musk, the rise of ‘boommates’, and the super long wait time for US visas. Meanwhile, Starbucks is using its secret weapon that might be able to save slumping sales: the Pumpkin Spice Latte, betch.

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00:00 - Misleading movie reviews

03:00 - Jobs Report Revision

07:50 - Blocked FTC Noncompete Ban

12:10 - Ford EV Spending

17:30 - 'X' Financing Troubles

19:45 - World Cup Visas

21:50 - Boomer Roommates

24:00 - PSL Coming Back