Overview
We have an end-of-year group paper on " Texas Association of Business V. Federal Trade Commission" case (non-compete agreement ) We already did a presentation on it and my part was economic impact here is my script: (Non-compete agreements protect significant business investments, especially in training and intellectual property. According to Mr. Smith, Chief Officer at Ryan LLC, 'Non-competes are vital for maintaining competitiveness, particularly in industries like technology and healthcare.' While the FTC projected benefits like a $524 annual wage increase per worker and $194 billion in healthcare savings over a decade, these figures overlook the broader economic harm to businesses. Non-competes encourage businesses to invest in their employees. For instance, Treasury data shows that stricter enforcement increases the likelihood of firm-sponsored training by 2.4%. Without these agreements, companies might hesitate to train employees, fearing they’ll lose them to competitors. The FTC also claimed a 2.7% annual rise in new businesses, adding 8,500 startups. However, as Mr. Smith noted, 'This ignores the risks to established businesses, which could face destabilization and reduced competitiveness.' States like California thrive without strong non-competes, but this model doesn’t fit all industries or regions.) we had an interview with Mr. Smith he's the CEO of Ryan LLC and I attached a document of the interview. We use a few resources but I can add more: •Federal Trade Commission. (2023). FTC issues final rule to ban noncompete clauses. Retrieved from https://www.ftc.gov
Legislative history
The Caselaw (court ruling)
Interviews with business entities
Interviews with Administrative Agencies
Secondary research).
So we're standing agaist banning non-compete agreements.
I also shared the rubric.