XPost: or.politics, ca.politics, alt.fan.rush-limbaugh
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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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