4.6 • 4.8K Ratings
🗓️ 9 July 2024
⏱️ 45 minutes
🧾️ Download transcript
The Federal Trade Commission wants you to be able to quit your job. Their new rule banning noncompetes has the potential to shake up the labor market in big ways. We spoke with Elizabeth Wilkins about the reasoning behind the rule change and why you should care.
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0:00.0 | This is Sarah Stewart Holland. This is Beth Silver's. You're listening to Pantsu Politics, where we take a different approach to the news. Hello, we're so glad that you're here with us for another new episode. |
0:37.2 | Today we're going to talk about the economy and specifically about employment. The Biden administration has used a bunch of different tools to try to improve the economy |
0:41.0 | in the United States and a lot of those efforts have been |
0:43.6 | underway behind the scenes because it takes a long time to do work in government |
0:48.2 | through administrative agencies and today we want to talk about the Federal Trade |
0:52.3 | Commission's decision to tell employers |
0:54.7 | they can no longer limit the opportunities available to us when we want to leave them. |
0:59.8 | Non-compete agreements have been a part of many contracts for people who do all kinds of work for a long time and those non-compete clauses limit what you can do in the same field or in a certain geographic area or in a certain time frame after you leave an |
1:14.0 | employer and the Federal Trade Commission has said that really hampers economic |
1:17.6 | opportunity and growth and we don't want it to happen anymore. To guide us |
1:21.9 | through this conversation to talk about the policy |
1:24.3 | and where it came from we are so thrilled to have Elizabeth Wilkins here. She is a |
1:28.4 | former chief of staff to the chair of the Federal Trade Commission so she |
1:31.7 | was part of making this change |
1:33.6 | and it's going to talk us through the arguments |
1:35.8 | and how we got here. |
1:37.6 | Now, we know that this regulation is being challenged in court. |
1:41.5 | We know from the Supreme Court term that just wrapped up that the courts are |
1:44.8 | fairly hostile to administrative agencies doing big things like this. So we'll see how that plays |
1:50.0 | out. But either way, the policy argument here is really important. |
1:54.2 | And even if the courts say that this is a step too far for the Federal Trade Commission, which |
1:57.9 | they may or may not, I don't know, but even if they do, we would like to be thinking |
... |
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