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Power At Work Blogcast #41: BREAKING NEWS BLOGCAST: FTC Kills Non-Compete Agreements
Power At Work
Worker Power in American Labor Market
American workers exercise power by threatening to quit or actually quitting, leading to better results in getting raises compared to negotiating with current employers. This phenomenon is the reason behind the significant wage increases observed for both workers who quit their jobs and those who stay. The impact of rising wages is not limited to workers with noncompete clauses but extends to others due to the suppression of competition in the labor markets, resulting in spillover effects on wages.
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