Good.
this post was submitted on 23 Apr 2024
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If you were as confused by this as I was:
Shortly after the vote, the U.S. Chamber of Commerce said it would sue the FTC to block the rule
The US Chamber of Commerce is a right-wing lobbying group for businesses, unrelated to the US Department of Commerce which is an actual government agency.
https://en.m.wikipedia.org/wiki/United_States_Chamber_of_Commerce
NDA is different than noncompete. Two companies sign an NDA so they can work together for example without fear the one or the other will disclose secrete information. Same between two regular folks. Like if I'm working on some plastic gizmo and I need to have a part made, I don't just send it out to any machine shop. I first ask them to sign my NDA so they don't just figure out my part and start selling it under a different name. 99% of the time there's no need, but that 1%, that's when you could be sitting on a goldmine and you end up giving it away for nothing.
the fact that non competes and NDAs are a thing upon leaving a company is fucking insane to me, seems like blackmail at best and straight illegal at worst.
But what do i know, i just like having rights.
Worker: "Well, I got laid off from the job I've been working for the last 20 years, but at least I have the skills I picked up along the way!"
Company: "Actually, those belong to us too."
companies: we need workers to specialize so that we can produce things of high quality.
also companies: What you specialized? Sounds like your problem dumbass.
the fact that non competes and NDAs are a thing upon leaving a company is fucking insane
Non-competes are completely evil. Especially so in fields requiring very specialized skillsets. And even more so when the company insisting on the non-compete lays off people.
How the fuck is someone supposed to keep a roof over their head in a situation like that?
learn a different skill dumbass L.
Or just be a C suite, and be able to coast for 10 years because you john roth'd your way to having millions of dollars.
Non-competes have been banned in California for a long time, but didn't expect them to be banned nationwide!
NDA reform would be nice too
Wow that's actually good. So who did this, where'd they put the original people, and how can we replicate the results with every other regulatory body?
good now do arbitration
Agreed, though arbitration isn't absolutely enforceable. If you can't reach an agreement through it you can always still sue. It'll just cost ya.
I have been told (by my attorney) that arbitration is sometimes more expensive than filing suit. IIRC, the rationale is that arbitration can have very high fees and involve a large number of people. It was in the context of drawing up a boilerplate nda, but it has been awhile and I don't remember the details.
Lovely. Deterring people from claiming damages by making it have a high barrier of entry or financially stupid to follow through with. Not to mention, using an arbitration agreement to make it risky to start class-action lawsuits and obscure visibility so nobody else knows they could get compensation from a company's misdeeds.
In other words, fuck the consumer. That sounds about right.
This is by no means in defense of the practice, but I remember taking a doctor's de bene esse deposition, and afterwards he goes to the taking attorney "Hey, you're paying me more than this case is worth, what gives?" And the attorney said the carrier is trying everything in an effort to deter people filing lawsuits for easy 5-10k payouts. I understand the rationale, but it still sucks.
Vote went along party lines.
But MuH bOTh SiDeS, right guys?
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