ftc.gov

Rekhyt , to U.S. News in FTC Sends Refunds of more than $5.6 million to Certain Ring Customers Stemming from 2023 Settlement

It's about $50 per payment. Not a ton, but not nothing!

Eldritch , to Work Reform in FTC Announces Rule Banning Noncompetes
@Eldritch@lemmy.world avatar

And this folks, is why despite not being perfect. We absolutely should keep the biden administration going. This and the NLRB ruling are some of the most earth shattering empowerment of workers and people in half a century.

No, it doesn't make up for the missteps in Palestine. But the other option is for things to get worse in Palestine in the short term and beyond. But to also not have any consideration by our own government domestically either.

DemBoSain , to Work Reform in FTC Announces Rule Banning Noncompetes
@DemBoSain@midwest.social avatar

It hasn't been published yet. The Federal Register lags behind real life by a few days. Probably on Friday, or possibly early next week.

GladiusB , to Work Reform in FTC Announces Rule Banning Noncompetes
@GladiusB@lemmy.world avatar

This is awesome. It looks to be effective immediately?

Atropos , (edited )

Effective in 120 days, unless it gets a legal challenge.

philboydstudge OP ,

Sorry, typo on my end! 120 days. My bad, I'm correcting the post.

Atropos ,

No worries! Thanks for the correction

Wiz ,

I can't imagine there being a legal challenge! 🙄

half_built_pyramids , to Work Reform in FTC Announces Rule Banning Noncompetes

Wow

NeptuneOrbit , to Work Reform in FTC Announces Rule Banning Noncompetes

Except on very narrow cases, these have always been a sham. And in those narrow cases it should be an NDA and the onus on the business to actually prove proprietary info was divulged or a patent was violated. Sucks for the businesses, but the alternative was in many cases needlessly handcuffing so many employees

Ioughttamow ,

My personal opinion is that ndas should require the business to continue paying the employees wage and offering a benefits package as though they were employed. The wage should increase by a ramping percentage each year

xmunk ,

Actually important NDAs do this - they'll just pay you to come in (or at least not work anywhere else) until the knowledge you had is irrelevant... and if the action that the NDA would prevent is legitimately damaging there do exist laws around corporate espionage that already cover these breeches. If you outright steal legitimately protected information from an employer (a common example is customer lists) and resell it... an NDA isn't needed. NDAs have traditionally just been used as a scare tactic to contain information that isn't legitimately protected... and, of course, to unfairly punish ex-employees for leaving.

slaacaa ,

I had an optional non-compete clause in one of my first jobs, but it was rarely activated by the employer, only for senior management and above. It also included payment for the period (iirk third of your salary for 2 years). In my EU country a non-compete without payment wouldn’t have been legal, not sure how it is/was in the US

whereisk ,

That's the idea behind CEOs golden parachutes.

philboydstudge OP , to Work Reform in FTC Announces Rule Banning Noncompetes

My personal highlight:

The Commission also finds that instead of using noncompetes to lock in workers, employers that wish to retain employees can compete on the merits for the worker’s labor services by improving wages and working conditions.

luciferofastora ,

Free market for jobs, how does that feel? Bet they're ecstatic to try the principles of fair competition for themselves.

Hirom , to U.S. News in FTC Sues Amazon for Illegally Maintaining Monopoly Power

Related: Futurama Season 11 Parodies Amazon in Episode 5

A sneak peek at Futurama Season 11, Episode 5, “Related to Items You’ve Viewed,” sees Bender working for the Momazon corporation.

UrLogicFails OP , to U.S. News in FTC Sues Amazon for Illegally Maintaining Monopoly Power
@UrLogicFails@beehaw.org avatar

It really feels like the FTC woke up a little while ago and is finally trying to enforce anti-trust rules.

Though I do worry it’s a case of too little, too late; I remember they had to break up Microsoft a couple of decades ago and it certainly helped for a while. Hopefully these actions can help too, even if things already seem pretty far gone

ShellMonkey ,
@ShellMonkey@lemmy.socdojo.com avatar

Ma Bell was broken up and now we’re essentially back to two of the original ‘baby bells’ in the form of AT&T and Version after years of mergers. She deal with the Standard Oil matter. Unless something is done before hand to prevent the reformation of these behemouths it’s pretty well the inevitable result of capitalist systems. MS, Apple, and Amazon where early to their fields and took over through much the same ways. What we need is a SEC/FCC/FTC that is willing to not give approval for these big purchases as the default.

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