This US survey examines (a) Prohibiting firms from imposing employment contract provisions that prevent workers from moving to a competitor or starting a competing business would lead to a substantial increase in wages in the affected industries; (b) A ban on non-compete clauses would lead to a measurable increase in innovation; (c) A ban on non-compete clauses would lead to a measurable reduction in firms’ investment in staff training
Keyword: employment contracts
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This week's US Economic Experts Panel statements:
A) The use of non-compete clauses in US employment contracts reduces workers' mobility and wages by more than is justified by the protection of employers' intellectual property and trade secrets.
B) Occupational licensing reduces mobility and wages for workers in many sectors where they could safely deliver services that consumers would prefer to those offered by licensed workers.
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