Brian Albrecht on Noncompete Agreements
Reason – ICLE Chief Economist Brian Albrecht was cited by Reason in a story about the Federal Trade Commission’s proposed rule to ban all noncompete agreements in employment contracts. You can read full piece here.
As put by Brian Albrecht, chief economist at the International Center for Law and Economics, “If implemented, the FTC’s total ban of noncompetes replaces the decision making of businesses and workers, as well as the oversight of state governments, with a one-size-fits-all approach. Under that new regime, we need to ask: How quickly will they respond to new information—for example, that it had destructive implications? How easily can they make incremental changes?”