New York Gov. Kathy Hochul to Reject Ban on Noncompete Agreements
wsj.com
wsj.com
> The governor said in November that she believed the agreements should be banned for lower-wage workers but that higher-paid employees could negotiate for themselves. She floated a compromise in which people with income over $250,000 could still enter into such an agreement.
Negotiators for Hochul and state lawmakers were exchanging drafts of amendments up until Friday, according to people familiar with the matter. The final sticking points included the compensation threshold, and whether that number should include base wages or total compensation, including things like stock options and bonuses, the people said.
People making $250k don't get to negotiate a custom contract, just a few variables in a template.
The idea of having the cut off so low is detached from the realities of hiring at large companies and how much actual leaders in these companies are making.
For NYC that 250k number is absolutely mid-level for tech and finance.
250k only sounds like a lot becasue the bar is so low in the US. Even our politicians are under paid. This governor makes 250k. I make more then her and deffintly responsible for a lot less. And I'm not negotiating anything in my employment contract
Plus whatever additional her husband gets from providing concessions at the new Buffalo Bills stadium that NY taxpayers are paying for.
Hard to tell, would it reduce corruption or just let them pocket more?
Anyway, medical noncompetes frequently target a certain number of mile radius around the hospital. In a tightly packed area like NYC, this basically locks the physician out of working for any other hospital during the non-compete period. Recently, the hospitals have become very aggressive at pushing their staff to work longer stretches of shifts with no breaks. Also, there's no overtime since they're considered exempt employees. They can get away with this because it's very difficult for their staff to leave without either moving or working locums out of the area until their non-compete times out. This doesn't work for many families if, for example, they have children or older parents to care for.
Much of the American healthcare system is now owned by private equity and they will fight tooth and nail to keep their non-competes. Healthcare workers are burning out and the non-competes eliminate much of their leverage to push for better working conditions. It's disgusting and needs to stop.