The FTC is back to being the activist US agency progressives sought in 1914

[BidenPresident]

Last week, under its Biden-appointed chair, the Federal Trade Commission proposed a new rule banning non-compete agreements – and it’s a big deal

In 1976, when I ran the policy planning staff of the FTC, the agency again began cracking down on corporations under its aggressive chairman, Michael Pertschuk. Big corporations were so unhappy with the FTC under Pertschuk that they tried to choke off the agency’s appropriation, briefly closing it down in 1978. But Pertschuk didn’t relent. He (and I) left the agency when Ronald Reagan appointed a new chairman, who promptly defanged it.

Now, under its new Biden-appointed chair, Lina M Khan, the FTC is back to being the activist agency that progressives sought in 1914 and Pertschuk resurrected in 1976.

https://www.theguardian.com/commentisfree/2023/jan/12/ftc-non-compete-agreements-biden-chair

 

[T. A. Gardner]

So, how is this a good thing given that Progressives and the Left almost invariably fuck everything they do up?

 

[BidenPresident]

So, how is this a good thing given that Progressives and the Left almost invariably fuck everything they do up?

Every post by you is I hate progressives. Don't give a shit

 

[T. A. Gardner]

Every post by you is I hate progressives. Don't give a shit

I do, and I don't care what your position on that is.

 

[BidenPresident]

Have you ever been forced to sign a non-compete agreement when you started a job?

About 30 million Americans are trapped by contracts that say if they leave their current job, they can’t take a job with a rival company or start a new business of their own.

The US should break up monopolies – not punish working Americans for rising prices

These clauses deprive workers of higher wages and better working conditions. In effect, they’re a form of involuntary servitude.

Last week, while America was fixated on Kevin McCarthy’s travails, the Federal Trade Commission (FTC) proposed a sweeping new rule that would ban these non-compete agreements.

This is a big deal. The FTC estimates that such a ban could increase wages by nearly $300bn a year (about $2,000 a worker, on average) by allowing workers to pursue better job opportunities.

https://www.theguardian.com/commentisfree/2023/jan/12/ftc-non-compete-agreements-biden-chair

 

[Saint Guinefort]

So, how is this a good thing given that Progressives and the Left almost invariably fuck everything they do up?

It's telling that you have no experience with non-compete clauses. Guess that's because you are so low-level and meaningless at your job that they don't actually care if you take your "skills" elsewhere. LOL.

 

[BidenPresident]

It's telling that you have no experience with non-compete clauses. Guess that's because you are so low-level and meaningless at your job that they don't actually care if you take your "skills" elsewhere. LOL.

They probably helped him get another job and leave.