“About 1 in 5 American workers, nearly 30 million people, are bound by noncompete agreements, according to the Federal Trade Commission.”
New York’s legislature passed a noncompete ban in June. Five months later Gov. Kathy Hochul still won’t say whether she’ll sign it. A business council affiliate is spending $1 million on ads to kill it, and Wall Street is leading the opposition. Noncompetes were sold as protection for trade secrets, and now they trap lighting designers.