The Federal Trade Commission voted to ban non-compete agreements to enhance job flexibility and earnings. The U.S. Chamber of Commerce and other entities are trying to block it. The ban could increase worker earnings by $488 billion over a decade and spawn over 8,500 new businesses yearly. Exceptions may exist for senior executives. Non-compete agreements essentially transfer wealth from workers to shareholders by reducing the need for competitive wages.
Kara and Scott discuss the campus protests, Harvey Weinstein’s conviction being overturned, and… Kara doing ketamine. Meta and Tesla’s Q1 earnings are out, and Scott’s got predictions on earnings to come. Plus, the FTC bans non-competes. Then, a listener question on what the TikTok ban means for the presidential election.
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