Matt Stoller @matthewstoller
Hi. I work at the American Economic Liberties Project. I wrote a book called Goliath and the monopoly-focused newsletter BIG: https://t.co/8QDW3bH1y3 mattstoller.com Washington, DC Joined March 2007-
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If you're wondering whether the FTC has the power to ban noncompete clauses, here's where you want to start:
A teenage niece is a Taylor Swift fan but after the release of this last album she now thinks Swift is greedy.
I love that there’s clear precedent upholding the FTC’s rule-writing authority and the best Eugene Scalia has is that such precedent ‘hasn’t aged well.’ How is that an argument?
I love that there’s clear precedent upholding the FTC’s rule-writing authority and the best Eugene Scalia has is that such precedent ‘hasn’t aged well.’ How is that an argument?
Global tax services company Ryan has already sued in federal court to have the FTC's noncompete rule blocked under the Administrative Procedure Act. Ryan is repped by Gibson Dunn including fmr Secretary of Labor Eugene Scalia. files.lbr.cloud/public/2024-04…
For startups, this is actually going to help founders a lot. One of the key drivers of California innovation is that noncompetes are unenforceable — that driver is now everywhere in America, and it's a great step towards many thousands more founders striking out on their own!
For startups, this is actually going to help founders a lot. One of the key drivers of California innovation is that noncompetes are unenforceable — that driver is now everywhere in America, and it's a great step towards many thousands more founders striking out on their own!
FTC Non-compete rule has a bunch of excerpts from commenters who described how non-competes have affected them and their part of the market. The sort of thing that you are not likely to get from anything but a comment period on a rulemaking process.
BREAKING: The FTC just banned non-compete agreements, per MorePerfectUnion. The Federal Trade Commission has issued a final rule making it illegal for bosses to make workers sign noncompetes in any scenario, and voiding nearly all existing noncompetes.
.@POTUS has delivered another massive W for working people. ✅ Noncompete clauses prevent too many workers from getting a new job with better pay + benefits. Today, @FTC made them ILLEGAL.
Folks, my Administration has announced two new big steps to get American workers a better deal. Let me explain: First, the @FTC is cracking down on "non-compete agreements," contracts that employers use to prevent their workers from changing jobs even if that job will pay a few…
🚨The FTC is finalizing a rule banning noncompete clauses for *all workers* regardless of income or industry. It will increase pay, new business formation, innovation -- and cut health care costs. It's one of the most important things the Biden Administration has done.
New FTC Commissioner Holyoak (R) does not believe the FTC has authority to issue rules under FTC Act 6(g). FTC Act Section 6(g): The Commission shall also have power ... to make rules and regulations for the purpose of carrying out the provisions of this subchapter.
Gonna be addressing this in a forthcoming blog post, but it’s literally impossible to compete with TSMC on a non-subsidized basis because they are intensely subsidized in Taiwan. Most of the subsidies are just indirect so they often get missed.
Gonna be addressing this in a forthcoming blog post, but it’s literally impossible to compete with TSMC on a non-subsidized basis because they are intensely subsidized in Taiwan. Most of the subsidies are just indirect so they often get missed.
“New noncompetes banned for all workers as of effective date.” The FTC just issued a complete ban on all employee non-competes. No carveouts, no limitations, no exceptions. Wow!
Commissioner Holyoak will vote no bc she believes FTC doesn’t have power to make substantive rules under 6g.
Ryan Grim @ryangrim
335K Followers 11K Following Author of "The Squad" and "We've Got People." DC bureau chief at The Intercept. Co-host of Counter Points. DM for Signal. Views are my own, not yours.
Briahna Joy Gray @briebriejoy
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David Dayen @ddayen
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CMS Office of Burden .. @CMS_Burden_GOV
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89K Followers 3K Following Walking the world, one city at a time. I like turtles, cats, & buses. Subscribe to my Substack: https://t.co/j6mE4TVfBl@matthewstoller To be a fly on the wall for this convo
@matthewstoller I heard a rumor (couldn’t confirm unfortunately) that TSMC tried it go to MIT to recruit top engineers and basically got laughed at.
@matthewstoller It's really hard to say which is worse. One has delusions that you can define complex interactions between humans with numbers and bends reality to fit models while the other, in most cases, just pretends hard evidence can't be found.
@matthewstoller Well, I think it has to do with the point you often make that today very political people do not seem to care about governing, for example, because a lot of their political identities are role-playing, they primarily fill an identitarian void left by religion.
@matthewstoller Swift attempt to Taylor their messaging to their audience.
@matthewstoller frankly sophomores protesting at some ivy league school is just boring.
@matthewstoller Yes, but that's okay because money is different. You see? These categories all make sense
@matthewstoller Why go to Mac’s Place when Super Macs is on the table?! No thanks, I’d rather have it less super? Insane.
@matthewstoller You didn’t go to law school & you’re not a lawyer, so you wouldn’t know this, but Delaware corporate law is pretty clear that assassins and kidnappers are always 1099 contractors & not employees (extortionists and arsonists are more a gray area but best practices is no W-2).
@matthewstoller Matt, blink twice if they have a gun to your head.
@matthewstoller It’s funny how these lessons generalize. I ran into a VERY similar issue (in principle) when I did a deep dive into CBPs main technology system during my time in the Senate. Program was basically non-functional until the agency took over as the system integrator.
@matthewstoller The good news on this is that for NGAD (f35 successor) the Air Force separated the maintenance and development contracts, which will hopefully resolve the issue they’re talking about.
Amazing tweet
At a conference on antitrust. The guy in the bow tie who studies public choice economics had more of a comment than a question.
@econliberties @matthewstoller .@matthewstoller, thank you for writing this.
@matthewstoller Is this guy also about to get chronically and suicidally depressed while ordering taco bell?
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