It ain't capitalism when the capitalists try to eliminate competition . . . especially yours.
It’s this perception of a legal threat, Starr, Prescott and Bishara found, much more than the reality of whether they could actually be sued that explains why people turn down job offers because of noncompetes. The predictable result is that workers with noncompetes tend to stay in the same job a lot longer. So it should be no surprise, as the U.S. Treasury points out, that noncompetes are also associated with lower wage growth. It isn’t easy to negotiate a raise when you can’t use other offers as leverage.
