Comments by "Keit Hammleter" (@keithammleter3824) on "John Kennedy Gives His Blunt Take On Noncompete Agreements" video.
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When non-compete agreements were very uncommon, American technology leapt forward and America was very competitive. What used to happen is that researchers working for Company A would have a good idea, but management were for whatever reason not interested. To the boffins with the idea would leave and form their own company, develop their idea, and do very well out of it. But Company A would do well too, because they had been around a while and customers knew they were good.
Sometimes Company A would undercover a common product problem, and put their boffins onto solving it, which they did. This would make Company A outcompete Company B, so B would offer A's boffins more money and poach them. So the intellectual property got transferred, and both sets of customers benefited, the two companies kept their market share, and everyone actually is happy.
Really, if a company finds it necessary to get its workers to sign non-compete agreements, mostly its a case that they risk workers leaving if they aren't paying enough, or not providing good work conditions, or they have some leverage that prevents people from leaving.
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