Noncompete Agreements, Come On
Stuff You Should Know
iHeartPodcasts
4.5 • 82.7K Ratings
🗓️ 7 March 2023
⏱️ 53 minutes
🧾️ Download transcript
Summary
A noncompete agreement, a pledge not to work for a competitor for a set amount of time, makes sense – when the worker is well compensated and privy to company secrets. But that doesn’t describe the vast majority of workers who’ve signed noncompetes.
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Transcript
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| 0:00.0 | America loves its founding fathers, but that's a tough act to follow as a founding son. |
| 0:05.7 | I'm Bob Crawford. Join me, Patrick Warburton, and Nick Offerman, as we bring the sixth |
| 0:11.1 | president to life. Was there ever witnessed such a bare-faced corruption in any country before? |
| 0:16.8 | Let justice be done, though the heavens fall! |
| 0:21.2 | Listen to Founding Son, a curiosity podcast on the I Heart Radio app, Apple podcasts, |
| 0:27.9 | or wherever you get your podcasts. |
| 0:31.5 | Welcome to Stuff You Should Know, a production of I Heart Radio. |
| 0:41.2 | Hey and welcome to the podcast. I'm Josh and there's Chuck with me and that makes this stuff |
| 0:46.2 | you should nizzo. That's right. Mr. Dog. Yeah, me and the gay. What's that one song you had as |
| 0:57.0 | sensual seduction? What a great song that was. I'm not sure if I know it. Would I know it if I heard it? |
| 1:04.4 | Probably, but it was like kind of a weird synth, dancey, early 80s vibe, much more than a rap vibe. |
| 1:11.5 | He was just expanding out. Yeah, yeah. Do you guys mark this steward on it? |
| 1:16.4 | No, which is kind of surprising because I heard she got like a huge tattoo of him. |
| 1:22.1 | Really? No, it was like a super bowl commercial. She did. Yeah, she could have though. |
| 1:28.4 | I'm a roob. No, you're not, Chuck. You just don't pay enough attention to commercials. |
| 1:34.6 | Should we talk non-compete agreements? Yes, I think we should because they turn out to be rather |
| 1:42.5 | onerous, possibly soon to be illegal. Yay. And just kind of scummy because as you'll see, |
| 1:51.2 | they're frequently used by big business. But if you're a free market capitalist, you're not |
| 1:56.8 | allowed to like non-compete agreements because it literally hobbles competition, which is the point |
| 2:02.9 | of free markets. And one of the great things about competition is that you and me and everybody |
| 2:09.7 | else listening out there who doesn't own a business and just buy stuff usually gets better prices, |
| 2:15.5 | better products, more innovation when there's greater competition and non-compete agreements, |
... |
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