Economic And Business Impacts Of FTC's Noncompete Ban [Forbes]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Forbes
The in employment contracts. The rule—not a law—is being challenged in federal courts. The economic impacts will not be huge, but they will slow innovation in the economy as businesses seek alternative ways to protect their trade secrets. Initial controversy surrounds wage rates. The FTC claims that noncompetes have suppressed wages, so the ban will boost wages. The contrary view has been expressed, including . The simple idea is that employers and job applicants strike a bargain. If the employer wants a particular term that is not in the employee's best interest, the employer will have to give up something else. If the employer demands a clause that hurts the job applicant, but does not provide higher wages or some other benefit, then that applicant will walk away and take a job elsewhere. Thus, people who agree to noncompetes probably receive a higher salary. That model seems naïve to many people, who claim that employers have all of the bargaining power. Such an idea grew in t
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PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- 4/25/24 - Form 8-K
- PCG's page on the SEC website