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Second Request

Evan Starr on The Economic Benefits of Banning Non-competes

Feb 3, 2022
Evan Starr, an associate professor, delves into the economic benefits of banning non-compete agreements, highlighting the boost to wages and worker mobility. The podcast explores the challenges faced by the FTC in regulating these agreements and the implications for workers and businesses. The discussion also touches on the impact of non-compete agreements on worker mobility and wages, the exemption for lawyers, the ongoing debate on non-compete agreements, and the effect of market concentration on employee salaries.
40:25

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Podcast summary created with Snipd AI

Quick takeaways

  • Limiting non-compete agreements can boost wages and job mobility for workers.
  • Non-compete and no poach agreements have significant implications on wages and talent mobility.

Deep dives

Non-compete Agreements and No Poach Agreements Regulations

The discussion focused on the complexity of non-compete agreements and no poach agreements. It highlighted the surge in proposed laws to limit non-compete agreements, with over 65 new bills suggested this year alone. Findings revealed that 18-20% of workers sign non-compete agreements, impacting various income levels, even extending to low-wage and nonprofit sectors. Research outcomes, including the effects of banning or enforcing non-compete agreements, showed detrimental impacts on workers, businesses, and entrepreneurship, leading to a call for regulatory changes.

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