Dan Andrews, Crawford School of Public Policy, Australian National University
Our concerning finding is “non-compete clauses” are even more widespread in Australia than in the United States. And it’s not only among CEOs: even childcarers and yoga instructors are affected.
It’s estimated that over one-third of all private companies require their employees to sign noncompete clauses.
wera Rodsawang/Moment via Getty Images
While noncompetes may make sense for well-paid executives who possess trade secrets, they make less sense for low-paid workers – yet many are subject to the agreements.
Jimmy John’s tried to stop its workers from toiling for other sandwich makers.
AP Photo/David Goldman
Nearly one in five employed Americans is bound by a contract restricting moves to rival companies. Here’s one way to make those arrangements less common.
Visiting Fellow and Director – Micro heterogeneity and Macroeconomic Performance program, Crawford School of Public Policy, Australian National University