We need a stronger law: any employee should be able to choose how many hours or days per week to work AND work for any other company at the same time (NDA applies, but non compete bs doesn't). Execs do this all the time: they can be on boards in multiple companies, run other companies, while possessing material information about them all.

The way I see it's working is the total comp negotiation goes as usual, but the employer isn't allowed to ask how much time the employee indends to work and whether one works for other companies. The salary and other comp is paid bi weekly as usual, but is pro rated to the number of hours or days worked. All the machinery is already in place: big corps have very detailed per minutes compensation for vacations, various on call duties and so on.

This will be strictly better for the IRS, because more competition means more taxes, but much worse for the dividend seeking investors.

Obviously, this will be a decade long legal battle with tens of millions in expenses, and it can't be done without a full time team of motivated and very expensive lawyers. However if 100k engineers spend 1k/year as membership fees, this organization will have a 100m/year budget and can keep courts busy forever.