New York is on the brink of potentially outlawing noncompete agreements, a move that would impact approximately one in five American workers, according to the Federal Trade Commission. Governor Kathy Hochul, currently deliberating on the decision to endorse the ban, has proposed a compromise suggesting that noncompetes be permissible for individuals earning $250,000 or more. If Governor Hochul proceeds with an outright ban across all pay levels, New York would set a precedent as one of the most comprehensive states in terms of restricting noncompete agreements. Some factions within the busines...
