Well, howdy there internet people, Let's Bow again. So today we are going to talk about the

FTC and non-compete clauses and expectations for the future.

I should probably start off by saying,

I think this is great.

The news, I think the news is great.

The FTC kind of put out a rule that basically got rid of, I mean pretty much all non-compete clauses.

Non-compete clauses have never made sense to me. I don't think an employer should be able to limit where

you work in the future. There are very, very few situations in which that makes sense. So it's a big win for labor. That being said, don't

expect this rule to stand the way that it is. It is super broad, which is good, but it's also incredibly broad to the point that there will

definitely be challenges and some of them are going to be successful.

This rule will be narrowed in scope as the legal challenges move forward.

That's a guarantee. I give it less than a 1% chance of standing the way it is.

It's, they tried to handle labor a big win.

But the courts are definitely gonna have their say here.

And then there's also another issue

when it comes to a constitutional aspect of the FTC doing this.

It is probably going to be argued that the FTC created a law. That they

don't really have the authority to do this, that they've overstepped their

bounds. And since it is a new law, well, it should have originated

with Congress. And since Congress didn't do it, it happened in the executive branch

under the FTC, well it's a violation of the separation of powers and will be

struck down. Should be struck down. That's how they're going to argue it.

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