Tag Archives: competition

Throwing Chains

Today some U.S. Senators, Elizabeth Warren and Amy Klobuchar, dashed off a letter to the Federal Trade Commission urging that agency to make a rule that would strongly limit the use of non competition agreements. Employers of all stripes use “non-competes” to protect them from competition from former employees. I find that they are often unenforceable as written; and many employers enforce them only sporadically. Nonetheless, they do stifle competition and entrepreneurship. While I write them and fight them, and get paid for the effort, I would not miss them if they were gone.