689
submitted 7 months ago by MicroWave@lemmy.world to c/news@lemmy.world

New York’s governor vetoed a bill days before Christmas that would have banned noncompete agreements, which restrict workers’ ability to leave their job for a role with a rival business.

Gov. Kathy Hochul, who said she tried to work with the Legislature on a “reasonable compromise” this year, called the bill “a one-size-fits-all-approach” for New York companies legitimately trying to retain top talent.

“I continue to recognize the urgent need to restrict non-compete agreements for middle-class and low-wage workers, and am open to future legislation that achieves the right balance,” she wrote in a veto letter released Saturday.

The veto is a blow to labor groups, who have long argued that the agreements hurt workers and stifle economic growth. The Federal Trade Commission had also sent a letter to Hochul in November, urging her to sign the bill and saying that the agreements can harm innovation and prevent new businesses from forming in the state.

you are viewing a single comment's thread
view the rest of the comments
[-] Ghostalmedia@lemmy.world 64 points 7 months ago

And this is one of the reasons top tech talent stays in Silicon Valley / San Francisco, and why that area innovates so quickly.

If your company sucks, I’ll work for your competitor.

[-] JDubbleu@programming.dev 43 points 7 months ago

It's also why wages are so high. You wanna keep your talent? You gotta pay more than the company next door, or have better perks to make up for the wage disparity.

I got poached from AWS because my current team has a full AWS stack, and they wanted someone who knew it inside and out. They offered me a full remote position (whole company is full remote) with a higher salary, but slightly less TC. My new job is also way less stressful and with way more freedom.

[-] Kecessa@sh.itjust.works 7 points 7 months ago

They don't have non compete clauses over there?

[-] IronRain@lemmy.world 41 points 7 months ago

Nope, CA doesn't recognize non-competes.

[-] Kecessa@sh.itjust.works 3 points 7 months ago

Wow, surprising that tech is mostly there then!

[-] Maggoty@lemmy.world 9 points 7 months ago

It's the employees starting up their own stuff. Non competes have been used as a cudgel to stop competition for decades.

[-] psmgx@lemmy.world 6 points 7 months ago

Surprising? It means salaries are high and true talent can get rewarded. Doesn't mean they won't be stupid corp BS factories too, but at least you get paid for your efforts.

[-] Kecessa@sh.itjust.works 3 points 7 months ago* (last edited 7 months ago)

No, surprising that the business would establish themselves there if they can't have ~~NDAs~~ non compete clauses.

[-] RubberElectrons@lemmy.world 5 points 7 months ago

Well, think about it.

There's a history of innovation in the area, and all its people in the area are supportive of that both in teens of material, financial & knowledge.

Further, the lack of non-compete means lawyers have to provide reasonable evidence of damage by an escaped employee working for a competing firm, versus the much easier "hey! They escaped in a way we don't approve of!"

[-] Savaran@lemmy.world 4 points 7 months ago

Non competes, are not NDAs. But even beyond that people should recognize that businesses in the end will go where they must to hire the folks they need to get the job done. They might throw a temper tantrum or two along the way about having to pay people or why can’t they have non compete slaves, or what do you mean you won’t come to the office, but in their own interests of making money they will eventually go where they must.

[-] Kecessa@sh.itjust.works 2 points 7 months ago

Sorry, just a mistake on my part because of morning brain.

[-] SnipingNinja@slrpnk.net 1 points 7 months ago

I think the origins of Hollywood would explain why the companies are there

[-] phoneymouse@lemmy.world 1 points 7 months ago

Want to make $400,000/year without a bachelor’s degree? You can do it in Silicon Valley.

this post was submitted on 24 Dec 2023
689 points (99.3% liked)

News

22488 readers
4181 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS