The Prof G Pod with Scott Galloway Scott’s Thoughts on Noncompete Agreements, Surveillance Pricing, and How to Be a Great Storyteller
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Aug 28, 2024 The FTC's decision to ban noncompete agreements is a game changer for worker mobility and rights, pushing back against corporate power. Surveillance pricing practices among companies are scrutinized for their ethical implications, highlighting the need for market competition. Additionally, storytelling emerges as a vital skill for success, blending personal anecdotes with practical tips on engaging an audience. This multifaceted discussion reveals the intersections of law, business ethics, and effective communication.
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Non-Competes Hurt Economy
- Non-compete agreements hurt the economy and middle-class income growth.
- The FTC ban could boost new businesses and wages.
Retain Employees with Pay
- Offer better pay and benefits to retain employees instead of relying on non-competes.
- Non-disclosure agreements are acceptable for protecting IP.
Surveillance Pricing Concerns
- Surveillance pricing, using personal data to set prices, is widespread.
- Real-time pricing and price discrimination exist, but manipulating prices during checkout is likely illegal.
