• New York Gov. Kathy Hochul Rejects Ban on Noncompete Agreements

    From Biased Journalism@21:1/5 to All on Sat Dec 23 14:44:28 2023
    XPost: or.politics, ca.politics, alt.fan.rush-limbaugh

    <http://WSJ.COM>
    New York Gov. Kathy Hochul Rejects Ban on Noncompete Agreements
    The Democrat vetoed state bill that would have made such pacts
    unenforceable in the state
    By Jimmy Vielkind

    ALBANY, N.Y.-New York Gov. Kathy Hochul vetoed legislation that would have banned noncompete agreements for employees, after business groups warned
    such a measure would push jobs out of state.

    Hochul, a Democrat, said Friday that she supported eliminating noncompete agreements for low and middle-income workers. She had floated a compromise
    with Democratic lawmakers in Albany in which noncompete clauses would
    remain for higher-paid employees but a flurry of negotiations, including through Friday, ended without a deal.

    "New York has a highly competitive economic climate and is home to many different industries. These companies have legitimate interests that
    cannot be met with the legislation's one-size-fits-all approach," Hochul
    wrote in a veto message.

    The Wall Street Journal reported earlier Friday that Hochul's veto was expected.

    Noncompete agreements typically prevent workers from taking a new job or starting a business for a period after leaving an employer. According to
    the Federal Trade Commission, noncompete clauses affect nearly one in five American workers.



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