FTC Chair Lina Khan on the Problems With Noncompetes

Lina Khan, in an essay for The New York Times:

When you add it up, the evidence to date suggests that noncompetes suppress wages, reduce competition and keep innovative ideas from breaking into the market. One study even found that noncompetes lead to higher prices for consumers by reducing competition in the heavily concentrated health care sector.

I think she makes a compelling case that noncompete agreements reduce competition, and competition is what drives a fair economy.

★ Monday, 9 January 2023