People In Massachusetts Pushing To Get Rid Of Noncompetes
from the good-for-them dept
The problem is most people only think about noncompetes from the perspective of the company offering the noncompetes. That leaves out the perspective of both employees and other companies. With noncompetes, there's a lot less movement of employees around an industry. That means less cross-pollination of ideas -- which is a key element towards faster and better innovation. It also means employees less willing to go work for startups, because if it doesn't work out, it's much more difficult for that employee to leave and go work elsewhere. Finally, when everyone's enforcing noncompetes, it's much harder for companies (even who use noncompetes themselves) to hire the important employees they need from other companies. All in all, noncompetes are a lose-lose initiative hurting all the companies in a space as well as their employees. It's good to see a push in Massachussetts to get rid of them.