Judd Legum

@JuddLegum ↗

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Last Checked Jan. 24, 2023

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Tue Jan 10 14:04:20 +0000 2023

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Judd Legum @JuddLegum

3. In the United States, about 30 million people are subject to noncompete clauses. The FTC estimates that noncompete clauses reduce worker earnings by $250 BILLION TO $296 BILLION per year — or just under $2,000 per family. https://t.co/jevDvkfZei — PolitiTweet.org

Posted Jan. 10, 2023

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Judd Legum @JuddLegum

2. Noncompete clauses "block people from working for a competing employer, or starting a competing business, after their employment ends." Noncompete clauses harm all workers by preventing jobs from opening This reduces competition for labor and drives down all wages — PolitiTweet.org

Posted Jan. 10, 2023

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Judd Legum @JuddLegum

4. Noncompete clauses were initially only used for high-ranking executives with access to valuable trade secrets. Today, "fast-food workers, arborists and manual laborers," making little more than minimum wage, are routinely required to sign noncompete clauses. — PolitiTweet.org

Posted Jan. 10, 2023