Corporations including Apple, Google, Banks push back against Australian proposal to ban non-compete agreements
Corporations including Apple, Google, Banks push back against Australian proposal to ban non-compete agreements
globalcompetitionreview.com
Major employers push back against Australian non-compete ban
The legitimate use case for noncompetes is so tiny compared to the blanket clauses these corporation's want for everyone. It's nonsense
What's the legitimate use case? They only further entrench monopolies by preventing knowledgeable people from using the skills, gained over their career, to compete in the open market.
I don't know about a lot of industries, but in finance, having a non-compete at least for a few weeks is essential as of your trading positions are known to your competitors, you end up losing quite a lot. I know it's one giant asshole protecting itself from another giant asshole, but at least I know that usecase is justified.
In a lot of industries you will end up with client contact information, IT support at an MSP for example.
Having a non-compete so you can't work in the industry for X months at all? Bad
Having a non-compete so you can't quit, start your own business and poach clients straight away? I view that as fair.
Guess which one lots of companies try and get away with.